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ABOUT ICURe
ICURe has four stages in its process:
1. Business Model Generation: ICURe kicks off with a 3-day residential bootcamp in which the ECRs are assisted in developing a model that commercialises their research.
2. Market Validation: The is then 3 months of reaching out to at least 100 prospective customers, competitors or those who can validate their hypothetical model. ECRs are assisted in this stage with sufficient funds for their time and travel to key target markets.
3. Options Roundabout: Teams then present to a panel of experts and potential investors on the results of the previous stage. They use their expertise to provide feedback and set out options for the next stage.
4. Business Planning: Teams with potential for spin-out or licensing have the opportunity to recive additional funding for business planning training. Here, they have 3 months to prepare a business plan to be used with investors and applying for grant funding.
BENEFITS OF ICURe
- Researchers have the opportunity to develop a product, process or service that could result in the advancement of their field.
- ECRs will benefit from the advice & training they have received to understand their target market and potentially increase sales.
- ECRs can develop a network within the industry.
- If successful throughout all 4 stages, the ECRs will have a business plan with the potential to use with investors and applying for grants.
- University staff will work with the strongest teams to be fast-tracked into a start-up company.
- Up to £35,000 of potential funding is available in order to reduce costs.
ICURe IN NUMBERS
£33.5 Million
Total additional funding.
44
New companies created.
120 Jobs
Created as a result.
11,500+
Business contacts made.