Converting research into commercial reality
Winners announced by Lord Sainsbury
The winner of the Research Councils' Business Plan Competition has been announced. The judging took place at the Royal Society in London with a top prize of £25,000 awarded by Science and Innovation Minister Lord Sainsbury.
UK research in science, technology and the arts ranks among the highest in the world. The aim of this competition is to help commercialise some of the best projects so that the whole of UK society can benefit.
The winning team are ThruVision Ltd from the Rutherford Appleton Laboratory in Oxfordshire led by Dr Jonathan James. ThruVision is developing an innovative terahertz imaging technology initially for security screening products. A working prototype has successfully imaged; guns and explosives hidden under clothing, concealed body armour and various other concealed metallic and non- metallic objects. This is the first time that all seven of the UK's Research Councils and the Arts and Humanities Research Board have joined together to run the competition under the banner of Research Councils UK (RCUK).
Lord Sainsbury said: "This competition highlights how world class UK science is being put to use for the benefit of us all. I congratulate all of the excellent applicants and particularly the winners. They all deserve to be highly successful in the future." The four runners up are teams from
- EigenFIT, Dr Christopher Solomon, University of Kent at Canterbury
- The Holographic Image Studio Ltd, Dr Martin Richardson, De Montfort University, Leicester.
- 'Monika' – a Foetal Health Monitoring company, Dr Barrie Hayes-Gill, University of Nottingham. (winners of the Bioscience award at the competition)
- VEMDisTM – Virtually Enhanced Museum Display, Dr Angie Geary, Camberwell College of Arts (More details on each of the projects are below).
The UK Research Councils invest more than £2 billion in research and training to support the development of new knowledge for the benefit of the UK economy and society. The Research Councils' Business Plan Competition provides support, mentoring and training to develop high quality business plans to commercialise research carried out in UK universities and research institutions. Participants in the competition submitted business propositions from across the arts, biosciences, the environment, science and technology.
Source: Eurekalert & othersLast reviewed: By John M. Grohol, Psy.D. on 21 Feb 2009
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