Royal Society Entrepreneur in Residence (EiR) Scheme: Bridging Academia and Industry

The Royal Society Entrepreneur in Residence (EiR) scheme offers a unique opportunity for experienced industrial scientists and entrepreneurs to collaborate with UK universities. This program aims to foster a deeper understanding of cutting-edge industrial science and research within academic settings. By bringing industry expertise into universities, the EiR scheme helps translate research into practical applications and encourages entrepreneurial thinking among students and staff.

Understanding the Royal Society Entrepreneur in Residence (EiR) Scheme

The EiR scheme is part of the Royal Society’s broader Science, Industry and Translation program. Its core purpose is to bridge the gap between academic research and industrial innovation. The program facilitates this by placing experienced industrial scientists and entrepreneurs within university departments for one day each week over a two-year period. This allows for the development of specific projects tailored to the host institution’s needs and the EiR’s expertise.

Objectives of the EiR Program

The scheme is designed to achieve several key objectives:

• Expose University Communities to Industrial Science: EiRs share insights into state-of-the-art industrial research and development, as well as the scientific challenges faced by businesses. This helps university staff and students gain a clearer picture of real-world applications for their work.
• Promote Research Translation and Innovation: The program provides expert advice and support to help universities better translate their research findings into commercially viable products or services. This can involve guiding researchers on intellectual property, market analysis, and business development.
• Boost Entrepreneurial Confidence: By interacting with successful entrepreneurs, university members can gain confidence and a better understanding of business principles and the process of starting and growing a company. This exposure can inspire future innovation and commercial ventures.
• Support Professional Development: The scheme offers award holders career recognition and supports their professional growth by allowing them to engage in new projects and share their knowledge. It also provides a structured way for them to contribute to the scientific community beyond their immediate industrial roles.

Benefits and Funding for Award Holders

The Royal Society EiR awards are granted for a period of two years. Each award can be worth up to £25,000 annually, which can cover various expenses. These benefits include a salary equivalent to 20% of the award holder’s current salary, recognizing the time commitment to the university. The EiR’s employer continues to cover national insurance and pension contributions.

Additionally, the funding can support travel and accommodation costs for the award holder to visit their host university. Project-specific costs are also covered, enabling the EiR to undertake activities that help achieve the project’s goals. This can include attending conferences, organizing workshops, and participating in training sessions relevant to the project.

Eligibility Criteria for Applicants

The EiR scheme is open to a wide range of scientific disciplines, covering all areas of the life and physical sciences, including engineering. However, clinical medicine is excluded from the program. Applicants can be of any nationality but must be eligible to work in the UK for the entire duration of the award.

A strong background in science and engineering is essential. Applicants need to demonstrate substantial experience working in industrial research and development. Furthermore, they must possess at least one of the following:

• Experience in managing collaborations between universities and businesses, and in translating research into commercial applications.
• Proven experience in entrepreneurship, such as founding and growing companies or securing investment.
• Demonstrated experience or a keen interest in training, coaching, or mentoring others.

Applicants can be employed full-time, part-time, or be self-employed. The scheme values diverse career paths and experiences within the scientific and industrial sectors.

Frequently Asked Questions