• We are catalysts for innovation, commercialising next-generation technologies developed by

    The University of Manchester’s world-class research base

    • £360m+ invested by venture funders

    • 40+ spin-out companies created

    • 7,500+ licences and IP partnerships concluded

    • 4,000+ invention disclosures received

    • £115m+ IP and R&D revenue generated for the University

  • We are catalysts for innovation, commercialising next-generation technologies developed by The University of Manchester’s world-class research base

    • £300m+ invested by venture funders since 2004

    • 40+ spin-out companies created

    • 4,800+

      licences and IP partnerships concluded

    • 3,700+ invention disclosures received

    • 1,300+ jobs generated across various industry sectors

    • £105m+ IP and R&D revenue generated for the University

Posts Tagged ‘student enterprise’

UMIP student entrepreneur showcases talent

As part of the UK’s first ‘University Demo Day’, entrepreneurial students and graduates from The University of Manchester and Manchester Metropolitan University pitched their business ideas to 160 of the City’s most influential investors and businesses. The event, co-ordinated by Manchester Entrepreneurs, was held on Wednesday 18th March at Studio 6, part of the Old Granada Studios development in Spinningfields and saw eight of the universities’ most innovative student start-up’s pitch for support.

Co-founder and Joint Chief Executive of Manchester-based online retailer, Boohoo.com, Mahmud Kamani, opened the Dragons’ Den style event, after which the start-ups took to the floor to showcase their creativity and enthusiasm for business success. Guests included Richard Young, North of England Director at the British Venture Capital Association, Luke Georghiou, Director of Research and Innovation at The University of Manchester, and Justin Normand Entrepreneurship Manager at Mass Challenge UK.

Erol Chioasca, a PhD student from The University of Manchester and UMIP IQuBit awardee pitched on the night hoping to attract both investment and expert advice from the floor.

His software programme TRAM, is an innovative and disruptive technology which allows a faster, cheaper, more consistent and accurate business analysis service, than conventional services. His software analyses problems within businesses 7 times faster than a traditional business analyst and is a smart service which overcomes manual processes. His software currently has a patent filed under PCT application and was voted “Best student tool” in the Automated Software Engineering conference in Silicon Valley, 2013.

Erol explains: “TRAM is a software service, which helps its users save time and money during the first analysis stage of business operations. It improves the efficiency and timescale of first stage analysis. There is a huge opportunity in a high growth market place and there is not a like for like competitor, which makes TRAM a disruptive technology that addresses the problems of analysts today.”

“The Demo Day was a great event that brought together young entrepreneurs from MCR,” he added. “It showcased amazing projects, bringing together people with different backgrounds but common entrepreneurial interests. As for us, we got in touch with a few potential clients, got an invitation to apply to another start-up event, and were approached by a couple of potential investors. Not bad!”

The evening was the culmination of a four-month scheme, ‘Accelerate ME’ which was delivered by award-winning student society, Manchester Entrepreneurs.  The scheme was launched to connect student start-ups with the resources, network and funds the society has to help them accelerate their businesses.

Tom McCann, Director at Manchester Entrepreneurs, said: “The feedback from guests has been terrific, with many of the investors, including Boohoo, making really positive noises about getting involved.  This kind of event really highlights the exciting path Manchester is taking to become a ‘Top 5 European Startup Destination’ and helps to focus on the important role that the universities and academic community have to play in making it happen.”

The event was supported by a number of companies and institutions including UMIP.

Ellie Buckley, Enterprise and Business Development Executive and IQuBit programme lead at UMIP, said: “We have a fantastic working relationship with Manchester Entrepreneurs and we were delighted to sponsor their demo day.  Our IQuBit programme supports students with digital ideas and we provide our awardees with kickstarter funding, access to networks and mentors which can help their start-up progress to the next stage. Events like these are just what our awardees need to develop their business, collaborate with industry experts and increase their exposure within the start-up scene. Monique, Tom and the rest of the team organised an excellent event to showcase the talent coming out of both the academic and student community at The University of Manchester.”

This event was also supported by Hello Work, The Business Growth Hub, Business Finance Solutions, Innospace, Natwest, Chancery Accounts and Co Angel Investment.

UMIP becomes key partner of non-profit global mentorship network

img0The world’s largest not-for-profit global mentorship and education network The Indus Entrepreneurs (TiE) has joined forces with UMIP, the University of Manchester’s agent for intellectual property commercialisation.

The pairing will see up to 35 student, spin-out or social enterprises from the University given the opportunity to access the TiE mentorship programme in both local sessions and by remotely connecting to TiE’s global network of business experts.

Regional sessions will be held at Founders Dock hub or in Quay House, Spinningfields – a new incubator that offers start-ups a range of support, including office space, technology and coaching from industry experts.

Organisations from UMIP will be invited to attend an on-going calendar of TiE events, seminars and workshops and will enjoy connections with the entire network, offering the opportunity for collaborations, the validation of business models and funding links.

Participating enterprises will also gain access to Founders Dock and will be able to utilise hot-desking, state-of-the-art technology and amenities like printers and web conferencing.

The collaboration will also entail:

• TiE mentors and speakers attending and presenting at UMIP events
• Related workshops at UMI3 (the University of Manchester Innovation Company)
• Student groups working alongside TiE mentors
• Collaborations of press, communications and media from the two organisations.

The relationship between the two organisations was driven by University of Manchester alumnus Vikas Shah, managing director of the Swiscot Group and Vice-President and Board Member for TiE’s branch in the north of the UK. He said: “Being a University of Manchester alumnus I was keen to develop links between the University and TiE. We are in an innovation economy, where the future global business success stories will be those driven by technology, intellectual property and science. UMIP and The University of Manchester are globally respected in this regard, and we are proud to be partnered with them.”

Tony Walker, Director of Enterprise and Business Development at UMIP, also welcomed the partnership, stating: “This partnership enables us to provide both our student and academic entrepreneurs with access to successful business mentors on a global scale. Access to such a successful TiE resource will be invaluable in helping them gain a greater understanding of their particular market characteristics and developing additional resource capability. “

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