The Royal Society of Edinburgh (RSE) - Enterprise Fellowships

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The Royal Society of Edinburgh (RSE): [1]

1 Eligibility
2 Services
- 2.1 Business Training
3 History of success
4 Outlook
5 Case Studies

Eligibility

Postgraduate students or researchers at Scottish universities and research institutions (The position as RSE Fellow is similar to being a postdoctoral researcher)

Services

12 months of salary support (usually between £23k and 37k)
Hosting support costs (usually Fellows are hosted by an academic institution)
Business Mentors (every Fellow is supported by a personal mentor with rich business experience)
Access to professional financial/entrepreneurial networks (Individual membership for Connect Scotland)
Business Development funding (£5k-10k)

Business Training

As an Enterprise Fellow you are required to undertake the following business trainings. The business training is carried out in an initial four day intensive course and five two day courses throughout the Fellowship year at The Hunter Centre for Entrepreneurship at the University of Strathclyde in Glasgow.

These business trainings are usually not open to the public but might give you a guideline as to what topics and skills you should be considering when starting a company.

4-day Programme Induction & Intensive Immersion

Principal routes to technology commercialisation
Importance and forms of Intellectual Property Rights
Creating an economic model
Investor expectations
Alternative routes to enterprise startup to partnering and company acquisition
The Enterprise Story Board - Elevator pitch
Entry Point Diagnostic - Fellows' presentations
Identification of key issues to be addressed in subsequent Enterprise modules
Issue of introduction to business startup computer based course

Module 1 - Understanding the Market and Customer Needs

Market Research & Segmentation Process
Features of product & Service markets
Understanding customer needs, wants and demand
Product feature roadmaps
Value chains & Benefits
The sales process and Conversion of demand
Assessment of competition
Agreement of Market Research Tasks

Module 2 - Trading Forms, IP Rights & Legal Obligations

Choice of Trading Structures & Ownership - setting up of companies & partnerships
Negotiation & Protection of IP rights, trademarks, patents, registered designs, copyright, licenses & disclosure agreements
Duties & liabilities of Director of companies
Consumer Law - obligations
Employment Law - obligations
Terms of trading & contracts
Agreement of Rights & Obligations Tasks

Module 3 - Finance, Business Planning & Enterprise Modeling