Are you a researcher at one of our partner universities? Do you have product, service or license opportunities in mind right now, or want to develop the commercial potential of your research in future?
Delivered in partnership with innovation and venturing experts, Viadynamics, Future Founders is designed specifically for academics to embrace enterprise opportunities from their research.
You’ll be signing up to four hands-on workshops which will build your entrepreneurial capability and accelerate your idea development. The one-day workshops cover:
• Diagnosing opportunities and exploring the market
• Accelerating development and de-risking opportunities
• Business planning and business building
• Enterprise financing and fund-raising
We’re currently processing applications for cohort one and will notify successful applicants during w/c 20 January. Applications for cohorts two and three, June and September 2020, will reopen here shortly.
“I learned a lot about myself and the limitations that I put on myself. The exercises created awareness and helped us to approach things in different ways and to recognise this.”
Frequently asked questions
We’re currently working through applications for the first cohort of Future Founders which will take place in February 2020. Applications for cohorts 2 and 3 will reopen here shortly. Applicants who have already applied for cohorts 2 and 3 do not need to reapply. Please contact your university’s technology transfer team if you have any further questions ahead of your application.
Yes, as long as you’re an academic at one of our partner universities and have a keen interest in developing the commercial potential of your research now or in the future, you’re welcome to apply. Please set out your reasons for wanting to attend on the short application form. We’ll be working in small groups throughout the workshops and those without their own ideas will be contributing as a resource on someone else’s idea.
The course leaders will be under non-disclosure / confidentiality agreements. There are likely to be academics from all four Northern Accelerator universities on each cohort. Our advice would be that you should share as much or as little as you are comfortable doing – you won’t have to reveal anything during the workshops that would threaten your ability to secure IP later.
Whether you’re attending Future Founders or not, your technology transfer team at your own university can also help you understand what you should do to protect your IP.
No, but we do ask that you seek your Head of Department’s agreement to apply (there’s a question on the application form about this).
We are encouraging a broad range of ideas from across institutions and disciplines. Ideas might be components, products, scalable services, or license opportunities, educational or health platforms, or molecules, software or data assets… the list is endless!
In short, no! The programme is set up to maximise the benefits from peer to peer learning and may be tailored to the needs of specific cohorts. Switching between cohorts is therefore not possible.
Future Founders is aimed at academic staff from any department at our partner universities. Whether you have product, service or license opportunities in mind right now, or want to equip yourself to develop ideas in the future. You should have a keen interest in achieving real world impact by developing commercial opportunities from your research.
There are three cohorts open to everyone – regardless of which of our partner universities you’re from. When signing up you are committing to attend all dates for that cohort.
Cohort 1: 5 Feb, 12 Feb, 26 Feb and 4 Mar 2020 – Radisson Blu Hotel, Durham
Cohort 2: 23 June, 30 June, 14 June, 21 July – Crowne Plaza Hotel, Newcastle
Cohort 3: 10 Sept, 17 Sept, 1 Oct, 8 Oct 2020 – Stadium of Light, Sunderland
Future Founders is a fully funded programme so there’s no cost to you for your place on the course. Lunch and refreshments will be provided.
Please note that as the course is a significant financial investment in you, after you’re offered and accept a place you will be required to give adequate notice if you’re unable to attend.
The course is split into four single-day workshops. They cover:
- Workshop 1: Diagnosing opportunities
- Overview of the development and commercialisation process
- The realities of the spin-out journey (case stories)
- Diagnosing the opportunity – needs, barriers and limitations, solution routes
- Exploring the market opportunity and applications to target first
- Customer segmentation and personas
- Competitor analysis and competitive advantage
- Workshop 2: Accelerating development
- Overview of the scoping process
- Exploring the total business system for ‘musts, gaps and risks’
- Designing and executing market, customer and user research
- Freedom to operate and protecting IP
- Accelerating development, managing and mitigating risk
- Key milestones and action planning
- Introduction to business planning
- Workshop 3: Business planning and business building
- Building a credible team
- Market engagement – how and when
- Prototyping and testing
- Business modelling
- Brand building
- Writing the business plan
- Workshop 4: Finance and fundraising
- Introduction to financial statements and budgeting
- Overview of the funding requirements of a business, and how this evolves
- Building a cash-flow projection
- Different sources of funding, different types of investors and what they look for
- The fundraising process – step by step
- Avoiding the pitfalls and closing the deal
- Building and managing relationships with important investors
- Responsibilities and accountabilities of Directors
- ‘Pitch school’ – build and deliver your winning pitch.
Future Founders will equip you with the skills and knowledge to recognise and embrace commercial opportunities from your research. Your university’s technology transfer team will work closely with you to do this, and you may be interested in getting involved (if you’re not already) with other elements of Northern Accelerator’s support, such as our pre-incorporation funding or executives into business.
We’re investing in you and we want to help you make an impact with the outcome of your research, so we’ll ensure we put you in touch with the right people at your university to progress those opportunities.