£25,000 Materials Science Prize Announced
In a bid to to help researchers exploit new and exciting ideas in materials science, an award to help scientists commercialise early stage research and enable the exploitation of new and exciting ideas in the field of materials science has been launched. The £25,000 Venture Prize has been donated by the Armourers & Brasiers livery company, a leading supporter of materials science education and research.
Applications are welcome from all British based materials scientists whether linked to a major UK university department or working in industry, until the end of March. The judging committee, made up of commercial, financial and technical experts, will be looking for the following criteria:
- Cutting edge, novel and innovative scientific concepts being developed in a British location
- An outline business plan with the potential for long-term commercial success
- Individuals with the vision, drive, leadership and commitment to turn ideas into reality
- A project with Intellectual Property on the way to protection or already protected.
The 2012 winners came from the University of Oxford for developing a high-technology coating with the potential to significantly reduce the manufacturing costs of new-generation solar photovoltaic cells. Previous winners have included Sheffield Hallam University for a light-weight body armour, the University of Liverpool for developing a cost effective denture nanoparticle silica coating inhibiting the build-up of oral thrush and a team from University College London who developed a novel method for the encapsulation of gases, liquids and solids for the targeted delivery of drugs.
"We want to stimulate and encourage British based materials science development and are looking to reward people who have the ambition to turn innovative scientific concepts and ideas into reality," said Professor Bill Bonfield chairman of the Armourers & Brasiers Venture Prize judging panel, "we are asking all entrants to submit an outline business plan showing the potential for long term commercial success."