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UMIP’s ‘Entrepreneur-in-Transit’ Scheme Set to Fast-track Innovation

The partnership will fast-track the innovation process by embracing the business acumen of entrepreneurs and business alongside its creative academic researchers and intellectual property to build and share value through company formation and licensing. The UMIP EIT scheme will work closely with, but be independent of, the existing ‘Entrepreneur in Residence’ (EIR) scheme already undertaken by the STFC.

UMIP’s ‘Entrepreneur in Transit’ scheme (EIT) will complement its current activities in the commercialisation of intellectual property and will build new capability to enhance technology commercialisation outputs. This scheme will integrate with existing UMIP infrastructure and mechanisms wherever possible to inject additional entrepreneurial flair and domain expertise. Entrepreneurs will work alongside UMIP’s venture team within identified Schools so as to be closer to the academic innovators. One of the first EIT schemes at the University will be in the School of Physics and Astronomy which has a very strong link with STFC via its big science projects. Ian Tracey, who runs the STFC Entrepreneur in Residence programme, said: “We have demonstrated the importance of matching investment ready management, to our world class science to increase the Economic Impact of our science base and to increase the ease by which investment money can be obtained.

There is every reason to work with UMIP in scaling this up across their innovation landscape and to co-create new research based enterprises.” For further information about UMIP’s EIT scheme, please contact: Tony Walker, Head of Sales and Marketing 0161 603 7780 tony.walker@UMI3.com www.umip.com Follow us on Twitter: @UMIPnews

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