8 March 2018
Bright SCIdea Challenge
Organised by:
SCI
SCI London
Registration Closed
This event is no longer available for registration.
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Synopsis
SCI is launching a new business planning competition, encouraging UK/ ROI university students to think about the process of starting their own business or launch a new product. Free business training will be offered to all entrants, which will provide an opportunity to develop skills in entrepreneurship and pitching.
Finalists will be invited to pitch their ideas to a panel of high-profile judges, allowing them to raise their profile within the commercial scientific community, whilst competing for a chance to win a £1,000 cash prize!
Download the event poster here
How does it work?
- Form a team of 3-5 UK/ROI University students
- Develop a plausible scientific concept a with a societal benefit
- Register your interest here
- Join the Bright SCIdea Challenge Facebook group
- Watch exclusive business training materials
- Turn your concept into a compelling product or service
- Develop a business plan to commercialise your innovation
Following the business training, teams will be asked to submit a business plan bymidnight on Sunday 18 February 2018.
Shortlisted teams will be invited to the final, which will take place in London onThursday 8 March 2018 with funding for travel and accommodation organised by SCI.
Business Training
SCI will provide all competition entrants with access to exclusive business training videos, featuring Lucinda Bruce-Gardyne of Genius Gluten Free and Victor Christou of Cambridge Innovation Capital. Once registered, join the Bright SCIdea Challenge Facebook group to be notified when the videos are released in November 2017, find out more about the competition and ask questions.
Attendees
UK/ ROI university students considering starting their own business venture or product launch.
Registration is for in person attendance. In person places are limited – therefore, if this event becomes oversubscribed, preference to attend in person will be given to attendees with a connection to competing teams. The event is also being held online, so attendees unable to attend in person will be sent joining details no later than 14 March.
Programme
Competition
Schedule
- 8th March 2018
- Shortlisted finalist teams will be invited to the final, taking place in London on the 8th March 2018.
- 18th February 2018
- Once you form a team - submit a business plan by midnight 18th February 2018.
Venue and Contact
SCI
14-15 Belgrave Square
London
SW1X 8PS
Please click here for a location map.
SCI Communications Team
Tel: +44 (0) 20 7598 1500
Email: communications@soci.org
Booking Process/Deadlines
CPD Info
SCI Members attending this meeting are able to claim CPD points.
Sponsors
Additional Info
Topics which will be covered in the training videos include:
- Identifying business opportunities
- Taking a product or service to market
- Basics of finance
- Basics of intellectual property
- Common pitfalls and how to avoid them
- How to effectively pitch your product
Entrant Materials
- Entrant handbook (including Terms & Conditions)
- Business plan document
- Cashflow document template
- Video 1 Basics of Business 1: Defining the Market Need
- Video 2 Basics of Business 2: From Lab to Market
- Video 3 Basics of Business 3: Taking your Product to Market
- Video 4 Basics of Business 4: Managing the Money
- Video 5 Victor's Top Tips
- Video 6 Victor's Pitch
Prizes
A cash prize of £1,000 will be awarded to the winning team.
All participants who reach the final will be awarded one year free student membership of SCI. Travel and accommodation grants will be provided for all finalists.