Are you a member of staff or an academic who wants to make a difference?
• Do you have an idea which may help people on campus, in your local community or further afield?
• Do you think your idea solves a problem?
• Do you have the passion to drive your idea forward?
• Submit your idea to the UMIP Social Enterprise Competition and let’s make a change together
Follow the link to find out more: http://umi3.com/social-enterprise/awards/
In addition to this UMIP would like to invite you to attend a workshop on Thursday 13th February specifically designed to help you explore your ideas in more detail.
At this workshop you will discuss how to prove if your idea is feasible, what does the beneficiary value, explore how to support the idea moving forward, testing your idea and of course how to win a prize in the UMIP Social Enterprise Competition.
Register now to attend the event: https://sebcworkshop2014.eventbrite.co.uk
If you have any questions or would like to discuss your idea please feel free to contact Laura Etchells (email@example.com, 0161 6067264) or Ellie Sagar (firstname.lastname@example.org, 0161 6067265).
The University of Manchester has been awarded £700k from the second round of the MRC Confidence in Concept (CiC) scheme. The University allocation will provide awards typically ~ £50k for six months (at 80% FEC) though larger awards up to £100k may be considered. The funds are intended to accelerate the transition from discovery research to translational development by supporting preliminary work or feasibility studies to establish the viability of an approach i.e. to provide confidence in the underlying concept.
The deadline for outline applications is March 10th 4pm. For further info click here.
IP Group plc (LSE: IPO) (“IP Group” or “the Company” or “the Group”), the developer of intellectual property based businesses, is delighted to announce that it has extended its commercialisation agreement with The University of Manchester (“the University”) through its technology transfer company, UMI3 Ltd, to include Proof-of-Principle (“PoP”) funding for graphene projects.
The Group also announces that, subject to completion of its Capital Raising announced on 23 January 2014, it intends to commit a further £2.5 million of funding, bringing the total to £7.5 million, under the revised terms of the agreement which has also been extended to 2019. The Capital Raising is due to complete on 14 February 2014.
Sir Kostya Novoselov and Sir Andre Geim first isolated graphene at The University of Manchester in 2004 and their ground-breaking experiments on the material earned them the Nobel Prize for Physics in 2010.
The University is also the home of the National Graphene Institute (NGI). The £61m 7,600 square metre building, which is due to open next year, will house state-of-the-art facilities. Funding for the NGI will come from the Government (£38m from the Engineering and Physical Sciences Research Council), as part of £50m allocated for graphene research, and from the European Research and Development Fund (£23m).
Graphene, a two dimensional material consisting of a single layer of carbon atoms arranged in a honeycomb or chicken wire structure, is the thinnest material known and yet also one of the strongest. It conducts electricity as efficiently as copper and outperforms all other materials as a conductor of heat.
Alan Aubrey, Chief Executive of IP Group, said: “The University is world famous for being the home of the isolation of graphene and we are delighted to have reached agreement with UMI3 around funding graphene projects. IP Group’s first graphene company, Applied Graphene Materials, floated on AIM in November and we look forward to making more investments in this exciting area.”
Clive Rowland, UMI3 CEO, said: “The University has been developing a number of intellectual property projects which have now reached the stage where Proof-of-Principle investment is necessary to take them to the next phase and to bring on another set of inventions coming through our system. The University’s very active engagement with industrial companies is informing our understanding of which graphene areas are most relevant to develop and the possibilities for setting up intellectual property joint ventures with companies already in the market place means that our projects will be well placed for market adoption. We have been working with IP Group since last year and feel that its expertise, resources and investment capital adds significant and complementary value to our own well regarded innovation system and networks. A partnership of this nature achieves a critical mass necessary to succeed in an emerging technology field like graphene.”
IP Group signed its original agreement with the University, through UMI3, in February 2013. Under the terms of that agreement, IP Group agreed to create a PoP funding facility for the identification and formation of new spin-out companies and to make available an initial facility of up to £5 million to provide capital to new proof of principle projects intended for commercialisation through spin-out companies.
In return, IP Group receives equity stakes in such spin-out companies on pre-agreed terms and has the right to invest further in these companies as they progress. In addition, IP Group provides access to its relevant experts, business building expertise, mentoring, coaching and co-investing networks, recruitment and business support.
For more information, please contact:
IP Group plc www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer +44 (0) 20 7444 0050
Liz Vaughan-Adams, Communications +44 (0) 20 7444 0062 / +44 (0) 7979 853 802
Ben Atwell, John Dineen +44 (0) 20 7831 3113
Clive Rowland, Chief Executive +44 (0)161 603 7750
Press office: Allan Prits +44 (0)161 606 7240
As part of HEFCE’s £2 million programme to strengthen and broaden support for Social Enterprise in Higher Education Institutions, UMIP is delighted to announce the Social Enterprise Competition Round 2 is NOW OPEN.
The University of Manchester continues to develop an ecosystem of support for budding Social Entrepreneurs and the UMIP Social Enterprise Competition not only offers prize money for winners but also provides a series of mentoring opportunities, business development sessions and further funding opportunities.
The competition will close on the 13th June 2014 however, we strongly advise candidates to submit an application as soon as possible to receive feedback from the team and to improve the chances of being successful.
• Are you a member of staff or an academic at The University of Manchester?
• Do you have an idea that could have a social or environmental application/ output?
Then we want to hear from you!
If you’re not sure what makes a social enterprise, or how to go about starting, just get in touch. We’re happy to talk to interested candidates.
To find out more about Social Enterprise and how to apply to the competition please visit: www.umi3.com/social-enterprise
Student social entrepreneurs will be able to apply for funding via the Manchester Enterprise Centre Venture Further Competition (https://mec.portals.mbs.ac.uk/Enterpriseactivities/Competitions.aspx )