The Young Entrepreneurs Scheme (YES) is an innovative global competition developed to raise awareness among PhD students, postdocs and research staff at UK and international universities how ideas can be commercialised.
This is the 26th year of the competition and in that time over 6,139 have taken part.
YES21 comprises of four virtual workshops that are run over three days. Your team can be made up of four or five members and you will attend a workshop of your choice.
During each workshop, leading figures in industry deliver presentations on all aspects of knowledge exchange and the commercialisation of ideas.
This knowledge, and any gained prior to the YES workshop, provides the foundation to prepare an oral business plan for a company based on a hypothetical but plausible idea, based on real markets and financial data. Throughout the first two days, mentors are at hand to answer questions, give advice and provide a focus for the team’s ideas.
On the third and final day, your team will make a formal oral presentation of your business plan before a panel comprised of business, financial and academic representatives taking the role of equity investors.
A team, from each workshop, will be selected to progress through to the virtual Final where they will compete for a prize fund of £15k as well as being crowned winners of one of the four competitions - Biotechnology YES, Engineering YES, Environment YES or Fintech YES.
Everyone is invited to attend the Final as well as a face to face showcase event to be hosted at the Royal Society in London (Covid permitting).