Our dynamic modern world presents interesting and exciting opportunities for those who want to get involved and add value to the economy and society. Entrepreneurship is a key and Research Councils encourage PhD students to have a better understanding of its role in value creation and the role of innovation in fostering it. Earlier this year, GRADnet launched its Entrepreneurship in Action Challenge tailored for Physics PGRs in SEPnet to get involved. Elaine Hickmott of EH-Enterprises developed the programme especially for GRADnet.
As part of the Challenge, SEPnet institutions were invited to form teams of PGR researchers to compete to be the most entrepreneurial physics department in SEPnet. Teams were formed from Kent, Portsmouth, QMUL, Southampton, Surrey, and Sussex.
In the six months since the teams formed they have undertaken an exciting, and sometimes gruelling, journey to develop their ideas into marketable proposals. Unfortunately along the way, some teams dropped out due to research commitments. However they gained valuable experience from the intensive training provided.
The teams from across the network gathered on 13 July to present their business ideas to a panel industry judges. Neil Phillipson of Outsideology, Simon Bland of Reigate and Banstead Borough Council and Phil Edwards of Weald Technology were all impressed by the quality, credibility and potential of the ideas being showcased. They commented that it was impressive to see physics PhD students applying their skills to challenges and scenarios outside of their normal environment. They agreed that the creative thinking and entrepreneurial mindset demonstrated by the teams would be an asset to any industry or organisation.
The teams were from Portsmouth (Daniel Goddard and Ben Mawdsley, who sent a video of their project), Southampton (Azaria Coupe, Anthony Preston, Andrew Lawson, and Marc Scott), and two teams from Surrey (Ralitsa Ilieva and Gemma Chapman; Bob Simmons and Louise Dummot).
The winning team came from the University of Southampton and they are looking forward to spending their cash prize. The achievements of all the teams were celebrated at the follow-on networking event which brought together the students and local entrepreneurial businesses.
All the teams thoroughly enjoyed the challenge, having learnt a lot about innovation, business and themselves.