The Royal Society Entrepreneur in Residence Awards are open to Industrial Scientists and Entrepreneurs with a background in science and engineering to partner and increase the knowledge and awareness in UK universities of cutting-edge industrial science, research and innovation. They are to develop bespoke projects and research that will promote innovation, research and entrepreneurship in the UK Universities. The scholars will receive up to a maximum of £20,000 per year.
The Royal Society Entrepreneur in Residence Awards or (EiR) scheme, as part of the Science, Industry and Translation programme, is aimed at increasing the knowledge and awareness in UK universities of cutting-edge industrial science, research and innovation.
The EiR scheme provides opportunities for enthusiastic, highly experienced industrial scientists and entrepreneurs to spend one day a week at a university developing a bespoke project to:
- Expose university staff and students to state-of-the-art industrial research and development, and the scientific challenges faced by industry.
- Provide support and expert advice aimed at promoting innovation and the translation of research by universities.
- Grow confidence in and understanding of business and entrepreneurship among staff and students.
- Provide career recognition to the award holders, and support their professional development
The scheme provides a contribution to the basic salary for the EiR and towards travel and project costs.
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The Entrepreneur in Residence Awards are for two years. The value of the scheme is up to a maximum of £20,000 per year (including VAT where applicable), and is expected to cover the following:
- Salary equivalent to 0.2 FTE of the award holder’s current salary to spend 20% of their working time at the host. The EiR’s basic salary only will be paid during the secondment; the EiR’s employer will continue to pay national insurance and pension contributions.
- Travel and project costs for award holder to travel to and from their host, and accommodation if required. Project costs to help deliver the aims of the project plan can also be included, as can conference attendance, meeting workshops and training.
Level and Areas of Engagement
Industrialists and Entrepreneurs with a background in science and engineering.
Universities in the UK.
The eligibility for the Entrepreneur in Residence Awards covers:
- All areas of the life and physical sciences, including engineering, but excluding clinical medicine.
- Applicants of any nationality, who are eligible to work in the UK for the duration of the award.
- Applicants with a background in science and engineering, who must be able to demonstrate significant experience of working in science in an industrial research context, and one or more of the following:
- experience of managing university-business collaborations and the translation and commercialisation of research.
- experience of entrepreneurship, such as company formation and growth, investment etc.
- experience or interest in training, coaching or mentoring
Applicants can be either employed full-time, part-time, or self-employed.
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How-To-Apply: Eligible applicants for the Entrepreneur in Residence Awards should note that,
- Applications should be submitted through the Society’s grant management system Flexi-Grant®.
- Applications are assessed by the Industry Fellowship panel.
- Applicants will be notified of the outcome of their application 3 months after the closing date.
Application Period: July 7 through September 23.