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5Our first<br />
<strong>year</strong>s
Contents<br />
Foreword from <strong>UCL</strong> President and Provost 5<br />
Introduction from <strong>UCL</strong>’s Vice-Provost (Enterprise) 7<br />
Overview from <strong>UCL</strong> <strong>Advances</strong>’ Director 9<br />
<strong>UCL</strong> <strong>Advances</strong>’ activities 11<br />
<strong>UCL</strong> <strong>Advances</strong> by numbers 13<br />
An amazing 48 hours for <strong>UCL</strong> <strong>Advances</strong> 15<br />
Directory of programmes 17<br />
Our first five <strong>year</strong>s 29<br />
Entrepreneurial alumni 48<br />
Press coverage 50<br />
Our team 54<br />
Planned <strong>UCL</strong> <strong>Advances</strong> Programmes 56<br />
Partners and Funders 57<br />
<strong>UCL</strong> is committed to:<br />
becoming a global leader in<br />
enterprise and open innovation,<br />
supporting and promoting<br />
effective knowledge exchange,<br />
entrepreneurship and<br />
collaboration with commercial<br />
and social enterprises.<br />
Key Strategic Aims<br />
<strong>UCL</strong> Council White Paper, 2011–2021
“The <strong>UCL</strong> Bright Ideas Award<br />
equipped us not only with<br />
<strong>the</strong> capital we needed to get<br />
to <strong>the</strong> next step, but gave us<br />
access to some of <strong>the</strong> fantastic<br />
opportunities available for small<br />
businesses at <strong>UCL</strong>, such as<br />
HELO and <strong>the</strong> SMILE network. We<br />
are exceptionally grateful to <strong>UCL</strong><br />
for providing our business with<br />
<strong>the</strong> support we need to succeed<br />
in an ever-competitive market.<br />
I would strongly recommend<br />
that all entrepreneurs consider<br />
applying to <strong>the</strong> Bright Ideas<br />
Award, as it will prove to be<br />
a great learning opportunity<br />
regardless of <strong>the</strong> outcome.”<br />
Raoul Tawadey, CEO and Founder, Circalit,<br />
and 2011 Bright Ideas Winner (Natural Sciences, BSc, 2009)<br />
4
Foreword from <strong>UCL</strong><br />
President and Provost<br />
Professor Malcolm Grant<br />
<strong>UCL</strong> President and Provost<br />
Staff, students and alumni at <strong>UCL</strong> have an<br />
outstanding record of academic achievement,<br />
often developing new innovations that<br />
have gone on to transform society, be it in<br />
medicine, technology or social development.<br />
Many of <strong>the</strong>se incredible accomplishments<br />
could not be achieved without <strong>the</strong> backing of<br />
a university that works hard to engender an<br />
atmosphere of entrepreneurial activity and<br />
support for enterprise.<br />
The impact Small and Medium Enterprises<br />
(SMEs) have on <strong>the</strong> UK’s economy is<br />
considerable. They currently account for more<br />
than 99% of businesses in <strong>the</strong> UK and generate<br />
almost 50% of total private sector turnover,<br />
making it vital for <strong>UCL</strong> to work with this element<br />
of <strong>the</strong> economy. SMEs are currently facilitating<br />
many of <strong>the</strong> technological and innovative<br />
advances that are already prominent in our<br />
daily lives, and so for <strong>UCL</strong> to be working with<br />
<strong>the</strong>se businesses puts us at <strong>the</strong> forefront of<br />
innovation, and feeds back into much of<br />
our research.<br />
The entrepreneurial history of <strong>UCL</strong> is<br />
impressive. Notable alumni range from<br />
Edwin Waterhouse, one of <strong>the</strong> founders of<br />
Pricewaterhouse Coopers, Colin Chapman<br />
of Lotus Cars, Andrew Jacobs of Giraffe<br />
Restaurants, and Nadhim Zahawi of YouGov,<br />
and <strong>the</strong> current cohort of students are set to<br />
continue <strong>UCL</strong>’s enterprising tradition. Promoting<br />
entrepreneurial ventures is a key priority at <strong>UCL</strong>,<br />
and we encourage our students to develop<br />
<strong>the</strong>ir ideas throughout <strong>the</strong>ir degree and beyond.<br />
Over <strong>the</strong> last five <strong>year</strong>s, <strong>UCL</strong> <strong>Advances</strong> has<br />
developed our support for <strong>the</strong> next generation<br />
of entrepreneurs, helping <strong>the</strong>m secure finance,<br />
training and connections to networks <strong>the</strong>y need<br />
to start and prosper. Despite <strong>the</strong> economic<br />
climate, our students have managed to secure<br />
loans and funding for <strong>the</strong>ir business ideas and<br />
have gone on to have great financial success.<br />
This is indicative not only of <strong>the</strong> strength of<br />
<strong>the</strong>ir planning and perseverance, but of <strong>UCL</strong>’s<br />
dedication to innovation and enterprise.<br />
<strong>UCL</strong> <strong>Advances</strong> has done much in its first<br />
five <strong>year</strong>s to build upon <strong>the</strong> heritage of<br />
entrepreneurship that has been so well<br />
established, building valuable links with local<br />
companies and potential investors, as well as<br />
supporting students throughout <strong>the</strong> early stages<br />
of <strong>the</strong>ir business endeavours. This enables<br />
students to seamlessly make <strong>the</strong> transition from<br />
university to business, and leave <strong>UCL</strong> equipped<br />
with a wealth of knowledge and guidance<br />
to draw upon. It also helps existing small<br />
businesses from outside of <strong>UCL</strong> to make <strong>the</strong><br />
journey inwards, benefitting our core mission<br />
of research-led teaching and maximising <strong>the</strong><br />
impact <strong>UCL</strong>’s capability can have in society.<br />
It is my pleasure to introduce this five <strong>year</strong><br />
<strong>review</strong> of <strong>UCL</strong> <strong>Advances</strong>, and I look forward<br />
to its continued success.<br />
5
“The <strong>UCL</strong> <strong>Advances</strong> Hatchery<br />
is a fantastic environment<br />
for student start-ups, where<br />
advice and support is at<br />
hand whenever it might<br />
be required. This is critical<br />
at <strong>the</strong> early stages when<br />
companies are experiencing<br />
rapid changes and growth<br />
for <strong>the</strong> first time.”<br />
Chester Mojay-Sinclare<br />
Founder, Charity Checkout (Philosophy, BA, 2011)<br />
6
Introduction from <strong>UCL</strong>’s<br />
Vice-Provost (Enterprise)<br />
Professor Stephen Caddick<br />
Vice-Provost (Enterprise)<br />
Since its foundation in 2007, <strong>UCL</strong> <strong>Advances</strong><br />
has been a pioneer among UK universities.<br />
Having established itself as a national leader<br />
in <strong>the</strong> field of entrepreneurship, it forms part<br />
of <strong>the</strong> aptly named <strong>UCL</strong> Enterprise, and has<br />
continued to propel <strong>UCL</strong> to <strong>the</strong> forefront of<br />
entrepreneurial activity within <strong>the</strong> UK’s Higher<br />
Education sector.<br />
Over <strong>the</strong> past five <strong>year</strong>s, major projects such<br />
as <strong>the</strong> university-business collaboration<br />
initiative HELO and business mentoring<br />
scheme SMILE have enabled <strong>UCL</strong> <strong>Advances</strong><br />
to cater to a broader audience than ever<br />
before, whilst encouraging entrepreneurship in<br />
every corner of <strong>UCL</strong>. Would-be entrepreneurs<br />
from disciplines as diverse as archaeology,<br />
philosophy, geography, science and<br />
technology studies, mechanical engineering<br />
and brain sciences have flourished under<br />
<strong>the</strong> guidance of <strong>UCL</strong> <strong>Advances</strong>’ business<br />
advisors, indicative of <strong>the</strong> increasing<br />
communication between <strong>UCL</strong> <strong>Advances</strong><br />
and <strong>the</strong> entire academic spectrum at <strong>UCL</strong>.<br />
The immediate impact made by <strong>UCL</strong><br />
<strong>Advances</strong> extends to a multitude of<br />
universities, start-ups and SMEs across<br />
London, as well as schools in local<br />
communities. Beyond London, <strong>the</strong><br />
development of partnerships between<br />
<strong>Advances</strong> and enterprises such as Goldman<br />
Sachs, NACUE, Santander and Microsoft<br />
have been fundamental in creating a status<br />
that is recognised across <strong>the</strong> UK. Many of <strong>the</strong><br />
operations <strong>UCL</strong> <strong>Advances</strong> is now involved in<br />
have also created global connections, such<br />
as <strong>the</strong> China UK Challenge and a Fulbright<br />
scholarship in entrepreneurship, indicative<br />
of its evolution in <strong>the</strong> last five <strong>year</strong>s and<br />
appropriate for a university such as <strong>UCL</strong> with<br />
a global reputation.<br />
With exciting new projects in <strong>the</strong> pipeline such<br />
as <strong>the</strong> digital enterprise support initiative <strong>UCL</strong><br />
DECIDE (Digital Enterprise: Collaborative<br />
Innovation, Development and Evaluation),<br />
<strong>the</strong> world’s largest ‘living lab’ for media and<br />
digital start-ups, <strong>the</strong>re is much to be looking<br />
forward to over <strong>the</strong> coming <strong>year</strong>s. As more<br />
<strong>UCL</strong> students take advantage of <strong>the</strong> array<br />
of services provided by <strong>UCL</strong> <strong>Advances</strong>, we<br />
will continue to adapt to meet <strong>the</strong>ir needs<br />
and transform <strong>the</strong> way students engage with<br />
business and society.<br />
The transformation of <strong>UCL</strong> <strong>Advances</strong> from an<br />
idea, <strong>the</strong> first of its kind in <strong>the</strong> UK, to a globally<br />
recognised leader in entrepreneurship could<br />
not have been achieved without <strong>the</strong> hard<br />
work of <strong>the</strong> <strong>UCL</strong> <strong>Advances</strong> team, and I would<br />
like to thank <strong>the</strong>m for <strong>the</strong>ir commitment and<br />
dedication over <strong>the</strong> past five <strong>year</strong>s.<br />
7
Of 25 participants in<br />
<strong>the</strong> first cohort of <strong>the</strong><br />
London Goldman Sachs<br />
10,000 Small Businesses<br />
Programme, three offered<br />
internships to <strong>UCL</strong><br />
students, one has applied<br />
for a KTP with <strong>UCL</strong> and 14<br />
have taken mentors from<br />
<strong>the</strong> SMILE programme.<br />
8
Overview from <strong>UCL</strong><br />
<strong>Advances</strong>’ Director<br />
Timothy Barnes<br />
Director, <strong>UCL</strong> <strong>Advances</strong><br />
<strong>UCL</strong> <strong>Advances</strong> is <strong>the</strong> centre for<br />
entrepreneurship and business interaction<br />
at <strong>UCL</strong>. Its primary role is to promote a<br />
culture of entrepreneurship on campus and<br />
engagement with entrepreneurs and small<br />
businesses beyond <strong>UCL</strong>’s boundaries. It<br />
began in August 2007 as a sister unit to <strong>the</strong><br />
new academic department of Management<br />
Science and Innovation (MS&I).<br />
The development of <strong>the</strong> two units was<br />
a response to <strong>the</strong> observation that after<br />
many <strong>year</strong>s of effort, <strong>UCL</strong> was improving its<br />
performance in working with established,<br />
larger businesses, but was still struggling to<br />
engage effectively with entrepreneurs, small<br />
and medium-sized businesses. The changes<br />
were intended to produce a new atmosphere<br />
in which entrepreneurship would be welcomed<br />
and <strong>UCL</strong> would be set on <strong>the</strong> path to a global<br />
leadership role, in keeping with its status as<br />
one of <strong>the</strong> world’s top universities.<br />
The development of <strong>the</strong> two units was led<br />
by Prof Steve Currall, head of department<br />
for MS&l; Prof Bernard Buxton, Dean of<br />
Engineering; Prof Mike Spyer, Vice-Provost<br />
(Enterprise); and Dr David Chapman,<br />
Director of <strong>the</strong> Centre for Enterprise and <strong>the</strong><br />
Management of Innovation, a pre-cursor to<br />
<strong>the</strong> new activities.<br />
O<strong>the</strong>r universities were experiencing many<br />
of <strong>the</strong> same problems in understanding and<br />
delivering on <strong>the</strong> needs of smaller entities,<br />
but <strong>UCL</strong>’s response was unique. Framed by<br />
<strong>UCL</strong>’s location in London and partnership<br />
with <strong>the</strong> London Business School in place of<br />
its own business-focused academic activity,<br />
<strong>UCL</strong> elected to focus on academic research<br />
through MS&I and support for entrepreneurs<br />
inside and outside of <strong>UCL</strong> through<br />
<strong>UCL</strong> <strong>Advances</strong>.<br />
Inspiration for <strong>UCL</strong> <strong>Advances</strong> was drawn<br />
from a variety of sources including <strong>the</strong><br />
Technology Ventures programme at Stanford<br />
University and <strong>the</strong> Rice Alliance at Rice<br />
University in Texas. I am a <strong>UCL</strong> alumnus and<br />
was recruited from <strong>the</strong> private sector to lead<br />
<strong>UCL</strong> <strong>Advances</strong> from its launch and reshape<br />
<strong>the</strong>se ideas for a British educational and<br />
entrepreneurship context.<br />
In 2009, <strong>UCL</strong> <strong>Advances</strong> moved from within<br />
<strong>UCL</strong>’s Faculty of Engineering to become<br />
a unit of <strong>UCL</strong> Enterprise, underlining its<br />
role in servicing <strong>the</strong> needs of all of <strong>UCL</strong>’s<br />
entrepreneurs, whatever faculty and<br />
department <strong>the</strong>y might be affiliated to. It helps<br />
to push out new entrepreneurial ventures and<br />
pull in external new businesses that could<br />
benefit form <strong>UCL</strong>’s skills, talent and know-how.<br />
9
24 directly employed<br />
members of full<br />
and part time staff<br />
supported by eight<br />
associate staff, who<br />
help deliver over 30<br />
activity programmes.<br />
10
<strong>UCL</strong> <strong>Advances</strong>’ activities<br />
<strong>UCL</strong> <strong>Advances</strong> provides three types of<br />
service to each of its audience groups of staff,<br />
students and external businesses.<br />
It is critical to our unique model that we<br />
undertake each of <strong>the</strong> services for all three<br />
of <strong>the</strong> audiences. By pushing out evenly in<br />
all directions, we have been able to establish<br />
economies and additional benefits for those we<br />
work with that would not have been possible if<br />
we delivered only a sub-set of activities.<br />
The three service areas are:<br />
Networking<br />
Bringing entrepreneurs, academics, students,<br />
funders, businesses, policy makers and<br />
<strong>the</strong> media toge<strong>the</strong>r, in order to foster new<br />
relationships that might lead to<br />
new businesses.<br />
Training<br />
For staff, students and existing external small<br />
businesses and entrepreneurs, suitable for <strong>the</strong><br />
separate stages of early company development<br />
from idea generation to accelerating growth of<br />
revenue generating businesses. This helps to<br />
address <strong>the</strong> skills requirements of start-ups.<br />
Support<br />
Providing direct business support, through<br />
assistance with finance, space provision, advice<br />
and problem solving for internal and external<br />
new businesses.<br />
This <strong>review</strong> covers our first five <strong>year</strong>s and has<br />
been produced as a record of past activities<br />
and a guide to future plans.<br />
<strong>UCL</strong> <strong>Advances</strong> has grown almost eight-fold in<br />
its first five <strong>year</strong>s, from four to 32 full and affiliate<br />
staff. It has demonstrated sustained value to <strong>the</strong><br />
university, entrepreneurs and <strong>the</strong> UK economy,<br />
and, in doing so, has been transformed from an<br />
experiment in university-entrepreneur relations<br />
into a model that is inspiring o<strong>the</strong>r universities<br />
around <strong>the</strong> world.<br />
11
<strong>UCL</strong> <strong>Advances</strong> delivered<br />
2,500+ places on student<br />
programmes in 2011/12<br />
with a target of 4,000 pa.<br />
by <strong>the</strong> end of 2014/15.<br />
12
<strong>UCL</strong> <strong>Advances</strong> by numbers<br />
Cumulative funding agreed for <strong>UCL</strong> <strong>Advances</strong> activities<br />
2007 2010 2012<br />
£600,000 £3,200,000 £7,000,000<br />
Cumulative E-Challenge participants<br />
2007 2012<br />
2,000 5,000<br />
<strong>UCL</strong> <strong>Advances</strong> mailing list<br />
2007 2010 2012<br />
100 2,500 5,500<br />
<strong>UCL</strong> <strong>Advances</strong> Twitter followers<br />
2007 2010 2012<br />
0 300 3,000<br />
Staff numbers<br />
2007 2010 2012<br />
3.8 10 32<br />
Student activity places provided annually by <strong>UCL</strong> <strong>Advances</strong><br />
2007 2012 2016 (target)<br />
500 2,500 7,500<br />
External small companies engaged with each <strong>year</strong><br />
2007 2012 2016 (target)<br />
0 300 500<br />
Student companies supported actively each <strong>year</strong><br />
2007 2012 2016 (target)<br />
10 50 125<br />
13
An amazing 48 hours for<br />
<strong>UCL</strong> <strong>Advances</strong><br />
One weekend in October was to be an<br />
incredible success story for <strong>UCL</strong> <strong>Advances</strong>.<br />
Here Timothy Barnes feeds back to <strong>the</strong> <strong>UCL</strong><br />
<strong>Advances</strong> team as events unfolded.<br />
October 8, 2012<br />
02:56 The foundations for promoting entrepreneurship<br />
and for embedding enterprise across <strong>UCL</strong> are now<br />
in place. We are already delivering life-changing<br />
opportunities and world-changing businesses. Now is<br />
<strong>the</strong> time to build on our successes.<br />
09:45 <strong>UCL</strong> nurtures, supports and links <strong>the</strong> best<br />
and brightest talent. That’s why I was delighted<br />
to hear that in this same weekend, former Bright<br />
Ideas Award winner, Chester Mojay-Sinclare,<br />
raised a six-figure sum for his business,<br />
Charity Checkout, after being connected with<br />
angel investors through <strong>UCL</strong> alumnus Andrew<br />
Jacobs, <strong>the</strong> founder of Giraffe restaurants.<br />
19:24 I met those guys on <strong>the</strong> Sunday. That evening, <strong>the</strong> standout<br />
success of <strong>the</strong> last two weeks was on our screens as part of BBC2’s<br />
Dragon’s Den. Old Bond Ltd, <strong>the</strong> brainchild of Politics PhD student<br />
Art Stavenka, 26, and his business partner Kiryl Chykeyuk, a DPhil<br />
student at Oxford University, were awarded £90,000 in investment from<br />
Theo Paphitis and Deborah Meaden. They too had won a Bright Ideas<br />
Award and have had support from business advisor Lillian Shapiro.<br />
15<br />
12:21 The entrepreneurs and small businesses<br />
which we work so hard to support have had<br />
some tremendous successes, and show why<br />
marrying talented students and small business<br />
owners with <strong>the</strong> very best in advice, support and<br />
funding from our nation’s best universities is so<br />
important.<br />
A great 48 hours<br />
48<br />
Timothy Barnes,<br />
Director of <strong>UCL</strong> <strong>Advances</strong><br />
18: 45 Through <strong>the</strong> undertaking of <strong>the</strong> programme, Joel has reaped<br />
<strong>the</strong> benefits that being part of <strong>the</strong> <strong>UCL</strong> community can provide –<br />
wider business support and helping set him up with an intern from<br />
<strong>UCL</strong> being just two examples. Being part of this community is why<br />
Joel, when he saw Jive Bike’s stand, worked out <strong>the</strong>y were from<br />
<strong>UCL</strong>, went over to say hello, offered support and tweeted about it.<br />
14:42 I’ve recently returned from <strong>the</strong> Conservative Party<br />
conference. Aside from <strong>the</strong> presence of <strong>the</strong> Prime Minister<br />
and an opportunity to showcase <strong>UCL</strong>’s work in driving<br />
innovation and growth from <strong>the</strong> bottom up, what was most<br />
inspiring was seeing two very different businesses attracting<br />
floods of interest – both supported by <strong>UCL</strong> <strong>Advances</strong>.<br />
17:01 The winner of last <strong>year</strong>’s London<br />
Entrepreneurs’ Challenge, Jive Bike, were<br />
<strong>the</strong>re with a physical prototype for <strong>the</strong> world’s<br />
first carbon fibre, folding, electric bike. Their<br />
demonstration wowed conference attendees,<br />
including MPs and regular party members<br />
who represent <strong>the</strong> country as a whole.<br />
Marcin, <strong>the</strong> founder, ended up with a stack of<br />
business cards and made valuable contacts.<br />
17: 32 Yet most surprising was <strong>the</strong> occupier of <strong>the</strong> stand next to his.<br />
The Cloud – a pop-up spa concept led by Joel Sutton – was one of<br />
<strong>the</strong> businesses which have taken part <strong>the</strong> first London cohort of<br />
<strong>the</strong> Goldman Sachs 10,000 Small Businesses programme, delivered<br />
by <strong>UCL</strong> <strong>Advances</strong>. I had no idea <strong>the</strong>y would be <strong>the</strong>re.
“It really has been a phenomenal<br />
<strong>year</strong> for Teachus. From running<br />
<strong>the</strong> Summer Schools to being<br />
invited to sit on <strong>the</strong> Government<br />
Summer School Committee –<br />
all seems quite surreal. It would<br />
have been impossible without<br />
<strong>the</strong> support of <strong>Advances</strong>. So a<br />
huge thank you to you all.”<br />
Jay Ruparelia<br />
Co-Founder, Teachus (Statistics, BSc, 2007)<br />
16
Directory of<br />
programmes<br />
The breadth of activities undertaken at <strong>UCL</strong> <strong>Advances</strong> can be seen<br />
here in a directory of our current projects. Our Student Ventures<br />
Programme encompasses a host of schemes to help familiarise<br />
students with <strong>the</strong> world of business and prepare <strong>the</strong>m for <strong>the</strong>ir<br />
exploration of entrepreneurship. Training and networking activities<br />
are also geared toward researchers and business professionals,<br />
uniting students with those who can help <strong>the</strong>m launch successful<br />
careers. As well as activities provided exclusively by <strong>UCL</strong> <strong>Advances</strong>,<br />
<strong>the</strong>re are a number of programmes that run in conjunction with<br />
a variety of external partners. These help to foster networking<br />
opportunities, and <strong>the</strong>re are many occasions where students can<br />
enter both national and international competitions that will enable<br />
<strong>the</strong>m to boost <strong>the</strong>ir entrepreneurial profiles.<br />
For researchers and businesses, <strong>the</strong> projects run by <strong>UCL</strong> <strong>Advances</strong><br />
are an ideal opportunity to take advantage of <strong>the</strong> pool of talent<br />
available at <strong>UCL</strong>. Excellent relationships have been forged through<br />
Knowledge Transfer Partnership (KTP) and Knowledge Exchange<br />
Associate (KEA) programmes, and are mutually beneficial for<br />
businesses and students alike.<br />
A variety of Continuing Professional Development (CPD) options are<br />
available for those wishing to gain certification in a particular aspect<br />
of business management, and are all run through <strong>UCL</strong> <strong>Advances</strong>’<br />
training centre. Guest lectures, boot camps and Technology<br />
Innovation Forums add to <strong>the</strong> variety of programmes on offer, to<br />
cater for all requirements and interests.<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Our programmes<br />
cover a wide range<br />
of disciplines and<br />
areas of activity.<br />
Each project has<br />
a key indicating<br />
<strong>the</strong> areas of activity<br />
and <strong>the</strong> type<br />
of service <strong>UCL</strong><br />
<strong>Advances</strong> provides.<br />
17
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
(Ad)Ventures<br />
(Ad)Ventures is a dining club that brings toge<strong>the</strong>r those<br />
who founded a company during <strong>the</strong>ir time at <strong>UCL</strong><br />
(as a student or a staff member) with those currently<br />
starting up a business whilst at <strong>UCL</strong>. Experience and<br />
wisdom will be shared to help foster <strong>the</strong> current group of<br />
<strong>UCL</strong> entrepreneurs.<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
BizSpark<br />
BizSpark is an innovative programme that unites startups<br />
with entrepreneurial and technology resources in a<br />
global community with a common goal of supporting and<br />
accelerating <strong>the</strong> success of a new generation of highpotential<br />
start-ups. BizSpark provides fast, easy access<br />
to current full-featured Microsoft development tools and<br />
production licenses of server products, professional<br />
technical support from Microsoft, and connections to a<br />
global community of business experts who can help guide<br />
you through <strong>the</strong> hurdles of growing your business.<br />
When start-ups enter into <strong>the</strong> BizSpark programme,<br />
<strong>the</strong>y are included on <strong>the</strong> online start-ups directory<br />
MicrosoftStartupZone, given access to a united, global<br />
community of support resources, and connected with<br />
Network Partners who will manage <strong>the</strong>ir participation.<br />
<strong>UCL</strong> <strong>Advances</strong> has joined with BizSpark and are able<br />
to support start-ups as <strong>the</strong>ir network partner.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/support/bizspark<br />
18
China UK<br />
Challenge<br />
The Challenge consists of two<br />
strands: firstly, <strong>the</strong> Tomorrow’s<br />
Leaders Track revolves around<br />
student-led business idea<br />
entries. This encourages<br />
current students and recent<br />
graduates to explore new,<br />
international ventures.<br />
Secondly is <strong>the</strong> Innovative Business Track. This is for<br />
non-university business idea entries which would facilitate<br />
already established businesses to look into growth areas,<br />
new products and services.<br />
The China UK Entrepreneurship Competition aims to<br />
encourage new business ventures between China and <strong>the</strong><br />
United Kingdom and is intended to simulate <strong>the</strong> real-world<br />
process of entrepreneurs soliciting start-up funds from<br />
early-stage investors and venture capital firms.<br />
Find out more at: www.ucl.ac.uk/advances/support/<br />
competitions/advances/support/chinaukchallenge<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Young people found<br />
that <strong>the</strong>y had gained<br />
“a big interest<br />
in business.”<br />
Citrus Saturday<br />
Citrus Saturday, developed with inspiration from <strong>the</strong><br />
nationwide project Lemonade Day in <strong>the</strong> US, has been<br />
set up to encourage entrepreneurial skills in young people<br />
and help <strong>the</strong>m gain confidence in a working environment.<br />
Using a handbook called ‘How to be an entrepreneur’,<br />
pupils at local schools and youth groups were mentored<br />
by <strong>UCL</strong> students and <strong>the</strong>n went on to market and sell <strong>the</strong>ir<br />
lemonade in prime locations across central London.<br />
At <strong>the</strong> first event run in London in 2011, over £1,200<br />
worth of lemonade was sold by 28 participants serving<br />
from just eight stalls. Now in its second <strong>year</strong> of running<br />
in London, <strong>the</strong> Citrus Saturday initiative has spread to<br />
Edinburgh, Dublin and Somerset, and has been met with<br />
an enthusiastic response.<br />
OpenInnovation<br />
Collaborate To Innovate<br />
When asked what <strong>the</strong>y had learned from taking part in<br />
Citrus Saturday, young people found that <strong>the</strong>y had gained<br />
“a big interest in business,” and one participant had<br />
“learned to be an entrepreneur and how to create my<br />
business.” One mentor had learned that with improved<br />
communication within teams, “anything is possible.”<br />
Find out more at: www.citrussaturday.org<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
OpenInnovation<br />
Collaborate To Innovate<br />
19
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
CleanTech<br />
Challenge<br />
The CleanTech Challenge (CTC) is a student competition<br />
jointly hosted by London Business School and <strong>UCL</strong> that<br />
was launched in 2009.<br />
The competition is a unique platform through which<br />
students can bring innovative clean technology ideas<br />
from <strong>the</strong> concept phase to a stage in which <strong>the</strong>y could<br />
realistically expect to attract funding or be self-sustainable.<br />
Over 100 top business and technical/science schools are<br />
invited to participate and ten finalist teams are selected to<br />
compete in live ‘Boot Camp’ finals in London for £10,000.<br />
There are more than 200 ideas submitted to <strong>the</strong> challenge<br />
every <strong>year</strong>, and previous winners have included MBA,<br />
PhD and Masters students from locations as diverse as<br />
Germany, Sweden, China and <strong>the</strong> United States.<br />
Find out more at: www.cleantechnologychallenge.com<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Communicating<br />
Science to<br />
Business<br />
This is a series of three workshops, focussing on <strong>the</strong><br />
skills needed by academics and early career researchers.<br />
These skills can <strong>the</strong>n enable researchers to maximise <strong>the</strong><br />
benefits of presenting <strong>the</strong>ir academic research to business<br />
audiences. The 2012 workshops have been based around<br />
<strong>the</strong> topics ‘How to engage with business’, ‘How to become<br />
a more confident and effective networker’, and ‘Presenting<br />
to business’. These topics are able to cover <strong>the</strong> key<br />
elements that researchers and academics will face when<br />
beginning to approach businesses about sponsorship or<br />
potential collaborations. For participants that attend all<br />
three workshops in <strong>the</strong> same academic <strong>year</strong>, a CPD<br />
(Certificate of Personal Development) will be awarded<br />
to mark <strong>the</strong>ir achievements.<br />
Previous workshop leaders have included Alan Stevens,<br />
a media coach, professional speaker and writer, Sue<br />
Tonks, a professional speaker and trainer, and Jeff Skinner,<br />
a lecturer in entrepreneurship at London Business School<br />
and previously <strong>the</strong> Commercial Director of <strong>UCL</strong>.<br />
Find out more at: www.ucl.ac.uk/advances/researchers/<br />
training/science-business<br />
“Really helpful, great<br />
speaker, engaged <strong>the</strong><br />
whole time, will put<br />
into practice”<br />
stated one participant, while ano<strong>the</strong>r<br />
found <strong>the</strong> sessions<br />
“useful to become<br />
more confident and<br />
learn new networking<br />
techniques.”<br />
20
“The single most<br />
engaging and<br />
insightful workshop<br />
I have attended in my<br />
six <strong>year</strong>s at <strong>UCL</strong>,”<br />
was a recent participant’s comment,<br />
and <strong>the</strong> boot camps have been highly<br />
recommended by o<strong>the</strong>rs. One student<br />
said that <strong>the</strong> skills <strong>the</strong>y had learned would<br />
“help me to get a<br />
competitive edge,”<br />
and fur<strong>the</strong>r feedback described <strong>the</strong> boot<br />
camps as:<br />
“a new and refreshing<br />
way to learn about<br />
business and<br />
finance.”<br />
Enterprise<br />
Boot Camp<br />
Boot camps are offered to students across <strong>the</strong> whole of<br />
<strong>UCL</strong> as a means of learning basic business concepts,<br />
as well as gaining experience of real life business<br />
scenarios. The camps can help students from any<br />
academic discipline demystify <strong>the</strong> business world and<br />
acquire <strong>the</strong> knowledge that will make a career in business<br />
more accessible. They are run across three days and no<br />
business knowledge or experience is required. The boot<br />
camps have been a great success and feedback from<br />
students has been extremely positive. They typically cater<br />
to between 120 and 150 people.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/students/training/bootcamp<br />
Entrepreneurship<br />
Guest Lectures<br />
Each <strong>year</strong>, <strong>UCL</strong> <strong>Advances</strong> organises a series of guest<br />
lectures from leading entrepreneurs and investors. These<br />
inspirational speakers provide an insight into <strong>the</strong> highs and<br />
lows of being an entrepreneur and share advice for those<br />
wishing to start <strong>the</strong>ir own business or who have already<br />
embarked on this journey. The event is open to everyone<br />
including staff and students from <strong>UCL</strong> and <strong>the</strong> London<br />
Business School. Many guest lecturers are <strong>UCL</strong> alumni<br />
who have gone on to successfully found and run <strong>the</strong>ir own<br />
start-ups, as well as seasoned entrepreneurs with<br />
<strong>year</strong>s of experience.<br />
The first guest lectures were held in 2008. They are a<br />
weekly highlight for students and staff wanting to learn<br />
about every aspect of entrepreneurial ventures, from<br />
finding initial funding, marketing new ideas, attracting<br />
investors, and <strong>the</strong> risks and rewards of developing a<br />
start-up. Guest lecturers from this past <strong>year</strong> have included<br />
<strong>UCL</strong> alumni Kes Thygesen, co-founder of RolePoint, and<br />
Robert Nichols, Director of Edmund Cude lettings agents.<br />
O<strong>the</strong>r speakers have included Nicolas Hantzsch, Director<br />
of Groupon UK & Ireland, and Nick Jankel, Chief Executive<br />
of wecreate. Past lectures are available to view through <strong>the</strong><br />
<strong>UCL</strong> <strong>Advances</strong> website.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/training/entrepreneurshiplectures<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
21
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
OpenInnovation<br />
Collaborate To Innovate<br />
EPIC<br />
The European Pre-Incubation Consortium is led by <strong>UCL</strong><br />
<strong>Advances</strong> and includes members from France, Scotland,<br />
England, Ireland, Germany and Belgium. It is designed to<br />
connect small businesses across North-West Europe that<br />
could be doing business toge<strong>the</strong>r in <strong>the</strong> earliest stages of<br />
<strong>the</strong>ir development, when it can be difficult to find overseas<br />
customers and suppliers. In building new commercial<br />
relationships, many of <strong>the</strong>se businesses will bypass <strong>the</strong><br />
need for early external funding and have more sustainable<br />
long-term activities.<br />
Find out more at: 020 3108 3278 | advances@ucl.ac.uk<br />
22
10,000 “ Small<br />
Businesses introduced<br />
us to entrepreneurs<br />
and academics<br />
who’ve faced <strong>the</strong> same<br />
trials and tribulations.<br />
Toge<strong>the</strong>r we’re helping<br />
each o<strong>the</strong>r plan a<br />
profitable journey of<br />
future growth for our<br />
businesses. It’s hard<br />
work and it’s exciting.”<br />
Daniel Fagerson<br />
Managing Director, Salt.TV<br />
“<strong>UCL</strong> <strong>Advances</strong> has<br />
provided <strong>the</strong> kind of<br />
high quality delivery that<br />
we needed in London<br />
to make <strong>the</strong> programme<br />
work and build a<br />
lasting community<br />
of networked small<br />
firms. We are seeing<br />
participating businesses<br />
transformed, creating<br />
<strong>the</strong> jobs and real<br />
economic value that<br />
<strong>the</strong> UK economy<br />
desperately needs.<br />
We could not have<br />
found a better partner<br />
to do that with.”<br />
Deepak Jayaraman<br />
Executive Director, Head of Corporate<br />
Engagement, Goldman Sachs<br />
Goldman<br />
Sachs<br />
10,000 Small<br />
Businesses<br />
The Goldman Sachs 10,000 Small Businesses programme<br />
is designed to unlock <strong>the</strong> economic and job creation<br />
potential of small businesses and social enterprises<br />
operating in <strong>the</strong> United Kingdom. The programme is based<br />
on <strong>the</strong> broadly held view of leading experts that greater<br />
access to education and business support services is <strong>the</strong><br />
best way to address barriers<br />
to growth.<br />
The programme is designed<br />
for leaders of small businesses<br />
and social enterprises with<br />
clear ambitions to grow. They<br />
will benefit from targeted<br />
support and resources to help<br />
<strong>the</strong>m define and achieve <strong>the</strong>ir<br />
business growth aspirations.<br />
Goldman Sachs and <strong>UCL</strong><br />
have an extensive network of organisations and partners.<br />
The core workshops are delivered by a combination of<br />
practitioners and experts who have extensive practical<br />
experience working with, and understanding <strong>the</strong> needs<br />
of small business leaders.<br />
Find out more:<br />
020 7679 4518 | www.ucl.ac.uk/10ksb<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
23
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
The Hatchery<br />
The Hatchery provides office space for start-ups run by<br />
current students or recent alumni, providing <strong>the</strong>m with a<br />
valuable base for <strong>the</strong>ir business when in its early stages.<br />
Time is allocated in six month slots free of charge, and<br />
with <strong>the</strong> close proximity to <strong>the</strong> <strong>UCL</strong> <strong>Advances</strong> team,<br />
students can access support and guidance from <strong>the</strong><br />
Student Business Advisors. There are currently 26 student<br />
businesses operating from <strong>the</strong> Hatchery.<br />
Currently based in <strong>the</strong> <strong>UCL</strong> Hatchery:<br />
“Being able to use<br />
<strong>the</strong> <strong>UCL</strong> <strong>Advances</strong><br />
student Hatchery<br />
gave The Sport<br />
Review a muchneeded<br />
base from<br />
which we were able<br />
to successfully drive<br />
<strong>the</strong> business to <strong>the</strong><br />
next level.”<br />
Martin Caparrotta<br />
Founder, The Sports Review (Italian<br />
and Business Management, BA, 2010)<br />
Find out more at:<br />
www.ucl.ac.uk/advances/students/hatchery<br />
24
One client found that <strong>the</strong><br />
HELO programme<br />
“helped us turn a<br />
product that would<br />
probably have been<br />
a good one into<br />
one that people<br />
love using.”<br />
Ian Collins<br />
of software company Screama<br />
“INTER-CEP will<br />
become a forum for<br />
sharing expertise,<br />
in <strong>the</strong> form of<br />
approved case<br />
studies, from both<br />
academic research<br />
and practitioner<br />
knowledge,<br />
leading to a better<br />
understanding of how<br />
public policy affects<br />
entrepreneurship<br />
and of how<br />
entrepreneurship<br />
can inform public<br />
policy debate.”<br />
Timothy Barnes<br />
Director <strong>UCL</strong> <strong>Advances</strong><br />
HELO<br />
Initially funded by EU-ERDF, Higher Education London<br />
Outreach (HELO) is both a support programme for local<br />
businesses and a training opportunity for <strong>UCL</strong> students.<br />
Partner organisations help in identifying small businesses<br />
across London that would benefit from consultancy<br />
projects managed by <strong>UCL</strong> students. These students are<br />
<strong>the</strong>n able to work alongside <strong>the</strong>se SMEs to deliver realworld<br />
benefits. To date, <strong>the</strong> project has assisted over<br />
150 companies with projects as diverse as developing<br />
marketing plans, solving complex technical problems in<br />
wireless devices, to prototype developments in 3D printing.<br />
HELO can offer support in <strong>the</strong> following areas:<br />
Environmental and green projects<br />
Technical support with cutting edge and<br />
innovative projects<br />
Business development and marketing support<br />
Training and staff development<br />
The projects are varied and include software testing<br />
and development, building prototypes and developing<br />
products, materials testing, market analysis, marketing<br />
research and business analysis. Each case is individual<br />
and unique and <strong>the</strong> team will get to take responsibility in<br />
developing <strong>the</strong> project and <strong>the</strong> delivery.<br />
HELO opens up entrepreneurial ventures to students<br />
across <strong>the</strong> entire breadth of academic disciplines, enabling<br />
<strong>the</strong>m to get <strong>the</strong> hands-on experience that may not be<br />
available to <strong>the</strong>m through <strong>the</strong>ir degree programmes.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/business/support/helo<br />
INTER-CEP<br />
The International Centre for Entrepreneurship Policy is a<br />
new activity managed by <strong>UCL</strong> <strong>Advances</strong> and Georgetown<br />
University. Supported by <strong>the</strong> British Council, <strong>the</strong> objective<br />
is to bring toge<strong>the</strong>r those interested in <strong>the</strong> public policies<br />
that govern and promote entrepreneurship to lead to more<br />
informed decision-making and communication of <strong>the</strong> best<br />
ideas across borders. As a forum for sharing expertise in<br />
<strong>the</strong> form of case studies, from both academic research<br />
and practitioner knowledge, INTER-CEP provides a bridge<br />
between knowledge-based organisations and potentially<br />
high growth business start-ups.<br />
Find out more at: www.inter-cep.com<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
25
<strong>UCL</strong> <strong>Advances</strong><br />
provides training<br />
for businesses,<br />
researchers<br />
and students
5Our first<br />
<strong>year</strong>s
Our first 5 <strong>year</strong>s<br />
<strong>UCL</strong> <strong>Advances</strong>: 2007– 2012 and beyond<br />
The first five <strong>year</strong>s at <strong>UCL</strong> <strong>Advances</strong><br />
has seen <strong>the</strong> introduction of major new<br />
initiatives, <strong>the</strong> expansion of <strong>the</strong> team<br />
from just four to over 30 people, and an<br />
influx of over £7m in funding for <strong>UCL</strong><br />
<strong>Advances</strong>’ activities.<br />
There has been impressive growth in<br />
<strong>the</strong> number of students participating<br />
in <strong>the</strong> Student Venture Programme, as<br />
well as considerable increases in <strong>the</strong><br />
number of researchers and businesses<br />
utilising <strong>the</strong> services on offer.<br />
This timeline gives an overview from<br />
<strong>the</strong> launch to today, and shows how<br />
far <strong>UCL</strong> <strong>Advances</strong> has come from its<br />
foundation in 2007 to being a leading<br />
centre for entrepreneurship and<br />
business interaction.<br />
The first <strong>UCL</strong> Technology<br />
Innovation Forum in<br />
October 2007: “The<br />
Future of Imaging”<br />
2007<br />
07<br />
2008<br />
<strong>UCL</strong> Additions<br />
developed since <strong>the</strong><br />
formation of <strong>UCL</strong><br />
<strong>Advances</strong><br />
Formation of<br />
<strong>UCL</strong> <strong>Advances</strong><br />
August 2007
First Enterprise Boot Camps held October 2009<br />
OpenCoffee Club<br />
moves to <strong>UCL</strong><br />
March 2008<br />
Communicating Science<br />
to Business CPD courses<br />
for <strong>UCL</strong> staff started in<br />
October 2008<br />
The Student Internship<br />
Programme, launched<br />
May 2009<br />
First KEA’s start<br />
Since June 2009, 1126<br />
have registered for<br />
Enterprise Boot Camps<br />
Clean Tech Challenge<br />
launched with<br />
London Business<br />
School, October 2009<br />
2010<br />
2009<br />
08<br />
09<br />
First <strong>UCL</strong> Awards for<br />
Enterprise held in<br />
May 2008<br />
Higher Education<br />
London Outreach (HELO)<br />
programme announced<br />
April 2009<br />
China UK Challenge<br />
launched at <strong>UCL</strong> in<br />
October 2009<br />
<strong>UCL</strong> <strong>Advances</strong><br />
becomes a partner of<br />
Microsoft BizSpark, <strong>the</strong><br />
first outside of <strong>the</strong> US,<br />
November 2008
Over 100 students<br />
advised about <strong>the</strong>ir<br />
business ideas in first six<br />
months of AY2011/12<br />
London<br />
Entrepreneurship<br />
Online launched<br />
October 2010<br />
A dozen student<br />
companies funded<br />
between August 2011<br />
and 2012<br />
First resident of<br />
<strong>the</strong> <strong>UCL</strong> <strong>Advances</strong><br />
Hatchery,<br />
aliveandgiving.com,<br />
joined August 2010<br />
<strong>UCL</strong> <strong>Advances</strong><br />
Summer Programme<br />
founded in 2011<br />
The European Pre-Incubation<br />
Consortium (EPIC) launched<br />
August 2011<br />
November 2010, launch<br />
party of Selected<br />
Mentors and Interims<br />
for London Enterprises<br />
(SMILE) scheme<br />
The first Citrus<br />
Saturday, held<br />
July 2011<br />
2012<br />
10<br />
2011<br />
11<br />
Launch of <strong>the</strong> CPD training programme<br />
(Short Courses in Small Company<br />
Management) in summer 2010<br />
StartUp Summer<br />
started with YouGov Plc<br />
and Imperial July 2011<br />
<strong>UCL</strong> <strong>Advances</strong><br />
reaches 10 people<br />
First KTP schemes run<br />
through <strong>UCL</strong> <strong>Advances</strong><br />
in August 2011
Ten <strong>year</strong>s since The London Entrepreneurs’ Challenge was launched by<br />
Timothy Barnes. Now <strong>the</strong> oldest continually running programme of its<br />
type in <strong>the</strong> UK with over 5,000 registered participants since its launch<br />
Over 4,000 regular recipients of <strong>UCL</strong> <strong>Advances</strong>’ email<br />
bulletin and more than 2,300 followers on Twitter<br />
<strong>UCL</strong> Enterprise Society wins<br />
National Society of <strong>the</strong> Year at<br />
NACUE Awards, May 2012<br />
<strong>UCL</strong> Decide (Support for Digital<br />
Enterprises) and <strong>the</strong> Enterprise<br />
Europe Network will be launched<br />
in January 2013<br />
2,000 lemons, limes<br />
and o<strong>the</strong>r citrus fruits<br />
squeezed for Citrus<br />
Saturday 2 on 7 July 2012<br />
Inter-CEP launched October 2012<br />
New phase of HELO<br />
begins August 2012<br />
ERASMUS for Young Entrepreneurs (YELLOW),<br />
launches September 2012, attracting over<br />
70 applications for placements by young<br />
entrepreneurs with EU host entrepreneurs<br />
12<br />
First cohort of 25 participants<br />
in Goldman Sachs 10,000<br />
Small Businesses London<br />
start January 2012<br />
Mobile Academy starts<br />
September 2012<br />
2013<br />
13<br />
<strong>UCL</strong> ADVANCES<br />
IS FIVE<br />
Fulbright-<strong>UCL</strong> Technology Entrepreneurship<br />
Award, announced March 2012, to run in<br />
<strong>the</strong> academic <strong>year</strong> 2013/14<br />
<strong>UCL</strong> <strong>Advances</strong> delivered 2,500+ places on student<br />
programmes in AY2011/12 with a target of 4,000 pa<br />
by <strong>the</strong> end of 2014/15<br />
There have been 281 <strong>UCL</strong> participants on London<br />
Business School electives, arranged by <strong>UCL</strong> <strong>Advances</strong>,<br />
since autumn 2009<br />
Over £7,000,000 of agreed funding for <strong>UCL</strong> <strong>Advances</strong>led<br />
activities agreed since launch in 2007 from funders<br />
including HEIF, Goldman Sachs, HEFCE, Santander and<br />
European Union ERDF and InterReg programmes
Open<br />
here
<strong>UCL</strong> <strong>Advances</strong><br />
provides support<br />
for businesses and<br />
individuals that want<br />
to grow and develop
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Knowledge<br />
Exchange<br />
Associates<br />
Frequently PhD students in <strong>the</strong> final stages of <strong>the</strong>ir<br />
research are producing results that are utterly relevant<br />
at <strong>the</strong> time of publication, and it is <strong>the</strong>refore crucial that<br />
<strong>the</strong>ir knowledge is immediately utilised by businesses.<br />
The Knowledge Exchange Associates scheme places<br />
students in businesses where <strong>the</strong>y will be able to turn<br />
<strong>the</strong>ir research into a product or a service which will have<br />
a lasting commercial impact.<br />
The scheme has been beneficial for both<br />
parties involved.<br />
Find out more at: www.ucl.ac.uk/advances/support/kea<br />
Tina Lui, a PhD student in <strong>the</strong> economics<br />
of logistics was placed with Drewry,<br />
a shipping consultancy company in<br />
Docklands, and said that<br />
“I could apply my<br />
knowledge and also<br />
learn <strong>the</strong> commercial<br />
and soft skills you<br />
don’t develop<br />
in academia.”<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Knowledge<br />
Transfer<br />
Partnerships<br />
Knowledge Transfer Partnerships (KTP) supports UK<br />
businesses wanting to improve <strong>the</strong>ir competitiveness,<br />
productivity and performance by accessing <strong>the</strong><br />
knowledge and expertise available within UK<br />
Universities. KTP will provide businesses with a recent<br />
graduate (Associate) who will enable <strong>the</strong> transfer of<br />
academic knowledge to <strong>the</strong> company based on <strong>the</strong>ir<br />
own area of expertise.<br />
The partnerships typically run from six months up to<br />
three <strong>year</strong>s so companies are able to build up a<br />
working relationship with <strong>the</strong>ir Associate and<br />
subsequently gain a qualified member of <strong>the</strong> team<br />
who can head up new projects.<br />
Find out more at: www.ucl.ac.uk/advances/support/ktp<br />
“The KTP has been<br />
a great success for<br />
all involved.”<br />
Andrew Budgen, Partner at Spacelab<br />
“Already KTP has<br />
helped us develop<br />
a ground-breaking<br />
product for healthcare<br />
professionals.”<br />
Dr Marc Farr<br />
Head of Product Development at<br />
Dr Foster Intelligence Ltd<br />
36
“The Entrepreneurs’<br />
Challenge is a great<br />
way to meet o<strong>the</strong>r<br />
entrepreneurs and<br />
to gain access to a<br />
huge pool of talent<br />
and ideas.”<br />
Anthony Morris<br />
London Business School, 2003<br />
“Winning <strong>the</strong> London<br />
Entrepreneurs’<br />
Challenge was <strong>the</strong><br />
initial kick off for our<br />
idea. It gave us <strong>the</strong><br />
injection to go fur<strong>the</strong>r<br />
with it.”<br />
Martin Poschenrieder<br />
CEO, Tipgain and winner of <strong>the</strong> 2011<br />
London Entrepreneurs’ Challenge<br />
London<br />
Entrepreneurs’<br />
Challenge<br />
The London Entrepreneurs’ Challenge is a workshop<br />
programme and business plan competition open to all<br />
members of <strong>UCL</strong>, Royal Veterinary College, Birkbeck,<br />
SOAS, and <strong>the</strong> London Business School that aims to show<br />
participants <strong>the</strong> process of starting a business by helping<br />
<strong>the</strong>m do it for <strong>the</strong>mselves. In <strong>the</strong> initial stage, participants<br />
are required to produce an executive summary. This is<br />
followed in <strong>the</strong> second stage by a more detailed business<br />
plan which is judged for <strong>the</strong> grand final at <strong>the</strong> end of<br />
<strong>the</strong> term. Throughout <strong>the</strong> process <strong>the</strong>re are overall and<br />
category cash prizes totalling £15,000.<br />
Over <strong>the</strong> course of <strong>the</strong> challenge, workshops will be<br />
run by mentors covering topics such as intellectual<br />
property, funding a business and assessing what makes<br />
a good idea. There are also a wide range of networking<br />
opportunities between <strong>the</strong> participants and professionals<br />
interested in new businesses, as well as with o<strong>the</strong>r<br />
students.<br />
The 2012 E-Challenge winning prize went to Jive, which<br />
developed a folding electric bike with a smart phone<br />
application that would run and navigate <strong>the</strong> bike.<br />
Find out more at: www.londonentrepreneurschallenge.com<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
37
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
OpenInnovation<br />
Collaborate To Innovate<br />
The Mobile<br />
Academy<br />
Mobile Monday London, <strong>the</strong> capital’s largest community<br />
for people involved in mobile technology, and <strong>UCL</strong><br />
<strong>Advances</strong> have teamed up to launch The Mobile<br />
Academy, a practical, ten-week / 36-hour evening<br />
programme for anyone keen to start or continue <strong>the</strong>ir<br />
journey in mobile innovation.<br />
Unlike o<strong>the</strong>r courses, The Mobile Academy focuses<br />
on <strong>the</strong> business, design and technological aspects of<br />
developing successful mobile products, services and<br />
experiences. Amongst o<strong>the</strong>r things, it can help<br />
to transform <strong>the</strong> seed of an idea into a Dragon’s Den<br />
style pitch-ready presentation or an award-winning<br />
mobile campaign.<br />
Participants are encouraged to develop <strong>the</strong>ir own idea<br />
as <strong>the</strong>y progress through <strong>the</strong> programme and can<br />
select from talks, workshops and clinics, all delivered<br />
by industry professionals from successful start-ups, as<br />
well as organisations such as Nokia, Samsung, Opera<br />
and Droidcon. A Certificate of Continued Professional<br />
Development will be awarded to those who complete<br />
<strong>the</strong> course.<br />
Find out more at: www.<strong>the</strong>mobileacademy.org.uk<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
OpenCoffee<br />
Club<br />
The OpenCoffee Club was started in London in March<br />
2007 to give people interested in business start-ups and<br />
entrepreneurship a chance to meet up and discuss ideas,<br />
and help establish important contacts and support to<br />
encourage business growth.<br />
It provides students and those already running <strong>the</strong>ir own<br />
start-ups with crucial networking opportunities and <strong>the</strong><br />
potential to draw upon o<strong>the</strong>rs’ experience. London already<br />
has an active members group so for anyone at <strong>UCL</strong><br />
exploring entrepreneurship, this is a brilliant opportunity<br />
to expand <strong>the</strong>ir knowledge and meet like-minded people.<br />
The initiative has now gone global, and OpenCoffee Club<br />
meetings are being held in over 80 cities in <strong>the</strong> world.<br />
Find out more at: www.opencoffee.ning.com<br />
38
“The Technology<br />
Strategy course<br />
that I attended last<br />
week was simply a<br />
first class joint effort<br />
between <strong>UCL</strong>,<br />
Dr. Andrea Masini and<br />
his guest speakers.<br />
The knowledge<br />
gained by <strong>the</strong><br />
attendees through<br />
<strong>the</strong> facilitation of<br />
discussion of <strong>the</strong>ory<br />
and practice, and<br />
with <strong>the</strong> practical<br />
exercises also set<br />
by <strong>the</strong> tutor, sent all<br />
of <strong>the</strong> attendees<br />
away on Friday<br />
afternoon with a<br />
distinct competitive<br />
advantage over<br />
<strong>the</strong>ir fellow students,<br />
businessmen and<br />
women. I only wish<br />
that I could return<br />
again on Monday<br />
morning for<br />
ano<strong>the</strong>r week.”<br />
Peter Rosen<br />
Founder and CEO, Photoedge Limited<br />
Short Courses in<br />
Small Company<br />
Management<br />
<strong>UCL</strong> <strong>Advances</strong> organises training for entrepreneurs,<br />
small to medium-sized enterprises (SMEs) and <strong>UCL</strong><br />
members. The Short Courses in Small Company<br />
Management are aimed at SMEs and <strong>UCL</strong> members who<br />
need extra training in specific business-related areas. The<br />
courses attract both academics and professionals creating<br />
a dynamic and interesting learning environment. <strong>UCL</strong><br />
<strong>Advances</strong> short courses have been accredited by <strong>the</strong> CPD<br />
certification service.<br />
Courses have been designed to cater to different levels<br />
of experience, and are categorised as fundamentals,<br />
intermediate or advanced. A selection of <strong>the</strong> courses on<br />
offer includes technology strategy, entrepreneurial finance,<br />
an introduction to business law and <strong>the</strong> dynamic<br />
leadership programme.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/training/short-courses<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
39
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
SMILE<br />
SMILE (Selected Mentors and Interims for London Enterprises)<br />
is an initiative developed by <strong>UCL</strong> <strong>Advances</strong> to help Londonbased<br />
SMEs grow and develop by analysing business needs<br />
and connecting <strong>the</strong>m to business mentors.<br />
Businesses that have benefitted from SMILE include Teachus,<br />
a leading private tuition service which has now gone on to<br />
secure a major schools contract this summer, Fulham Hair &<br />
Scalp who are now exploring <strong>the</strong> introduction of a product line<br />
at Harrods, and photography company Peasy Photos who were<br />
able to refine <strong>the</strong>ir business model and take <strong>the</strong> business in an<br />
exciting new direction.<br />
The relationships built through <strong>the</strong> SMILE initiative can be a long<br />
term benefit to an SME. The start-up publishing company for<br />
children Kidz4Mation nominated <strong>the</strong>ir mentor, Delwar Hossain<br />
for <strong>the</strong> Best Mentor award in 2011 after he helped <strong>the</strong>m to<br />
develop <strong>the</strong>ir business, which he subsequently won.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/business/support/smile<br />
“Universities are a<br />
great source of<br />
practical business<br />
support for small<br />
businesses, and<br />
SMILE is a perfect<br />
example of this.”<br />
Hitul Thobhani<br />
Co-founder, Kidz4Mation<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Student<br />
Business<br />
Advisors<br />
<strong>UCL</strong> <strong>Advances</strong> business advisors can provide students<br />
(undergraduate and postgraduate) and recent alumni with<br />
business support to help <strong>the</strong>m start and develop <strong>the</strong>ir<br />
businesses. The advisors offer impartial, confidential<br />
advice that is grounded in practicality and based on guidance<br />
that reflects <strong>the</strong> students’ personal aspirations and goals.<br />
Advice can be provided on, amongst o<strong>the</strong>r things, business<br />
planning, cash-flow forecasting, competition analysis, marketing<br />
and promotion. The advisors have access to contacts and<br />
resources, and knowledge of initiatives such as competitions,<br />
mentoring, funding programmes and investment opportunities.<br />
The <strong>UCL</strong> <strong>Advances</strong> Business Advisors can help avoid <strong>the</strong><br />
pitfalls and traps experienced by many new entrepreneurs. They<br />
understand <strong>the</strong> complex processes that are part of setting up a<br />
business, and are able to identify <strong>the</strong> problems that are inherent<br />
in developing a business idea.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/students/business-advice<br />
“The strength of our<br />
trial and <strong>the</strong> amazing<br />
backing we’ve had<br />
from <strong>the</strong> team at <strong>UCL</strong><br />
<strong>Advances</strong> has got us<br />
where we are today<br />
with <strong>the</strong> launch of<br />
Monstercard.”<br />
Alex Emms<br />
Co-founder, Monstercard (Civil<br />
Engineering, BEng, 2013)<br />
40
“The <strong>UCL</strong> <strong>Advances</strong><br />
internship scheme<br />
is <strong>the</strong> much needed<br />
bridge between<br />
university and <strong>the</strong><br />
workplace as it<br />
provides <strong>the</strong> ideal<br />
chance to navigate<br />
from student life into<br />
<strong>the</strong> working world.”<br />
Issariya Udomritkul<br />
(Anthropology, BSc, 2009)<br />
Student<br />
Internship<br />
Programme<br />
The Student Internship Programme (SIP) is aimed at<br />
supporting interns while <strong>the</strong>y gain valuable hands-on work<br />
experience. The intern is based within a micro, small or<br />
medium-sized enterprise to carry out a range of activities<br />
intended to help <strong>the</strong>ir host business to grow.<br />
This includes training, shadowing and work related<br />
tasks specified by <strong>the</strong> business. It is an eight week<br />
full-time programme for which <strong>the</strong> intern is paid a<br />
training allowance by <strong>UCL</strong> for <strong>the</strong>ir living costs. We ask<br />
small to medium enterprises to send us <strong>the</strong>ir internship<br />
opportunities and students to send us <strong>the</strong>ir CVs. We <strong>the</strong>n<br />
match <strong>the</strong> students with <strong>the</strong> opportunities accordingly and<br />
monitor <strong>the</strong> internship until <strong>the</strong> end.<br />
The programme is mutually beneficial for both parties<br />
involved, and over <strong>the</strong> summer of 2012, <strong>UCL</strong> <strong>Advances</strong><br />
was able to support fifty students in various internships.<br />
If student applicants are considered to be a good match<br />
for one of <strong>the</strong> businesses offering an internship, <strong>the</strong>y will<br />
be required to attend <strong>the</strong> three day <strong>UCL</strong> Enterprise Boot<br />
Camp prior to beginning <strong>the</strong>ir placement. This is intended<br />
to give students <strong>the</strong> skills necessary to make <strong>the</strong> most of<br />
<strong>the</strong> opportunities on offer during <strong>the</strong>ir internship.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/support/internship-progamme<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
41
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
Technology<br />
Innovation<br />
Forums<br />
<strong>UCL</strong> <strong>Advances</strong> hosts regular Technology Innovation<br />
Forum events on a variety of subjects providing networking<br />
opportunities for businesses and investors to engage with <strong>the</strong><br />
highest quality exponents of leading technologies. These events<br />
focus on science-led innovation and future technologies.<br />
The forums attract a rich mix of stakeholders, both in terms<br />
of fields of interest (industry or discipline) and perspectives<br />
(researchers, users, investors). The purpose of <strong>the</strong> events is to<br />
stimulate new interactions – particularly between communities<br />
that haven’t been engaged before – which may lead to new<br />
relationships, collaborations, and commercial products for <strong>the</strong><br />
benefit of society.<br />
The first forum held back in October 2007 was based on<br />
imaging technologies. Previous forum topics have included <strong>the</strong><br />
future of telecoms and convergent media, <strong>the</strong> future of sport,<br />
<strong>the</strong> future of finance and <strong>the</strong> future of medicine. As <strong>the</strong> forums<br />
are developed fur<strong>the</strong>r from 2013 onwards, <strong>the</strong>y will take on a<br />
tighter format, allowing for niche topic discussion tailored to<br />
specific interests.<br />
Find out more at: www.ucl.ac.uk/advances/networking/tif<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
<strong>UCL</strong> Additions<br />
<strong>UCL</strong> Additions is a social networking site that links<br />
communities of interest involving <strong>UCL</strong> and businesses,<br />
investors and entrepreneurs, in a forum where members<br />
can find potential collaboration partners and manage <strong>the</strong><br />
development of projects. With <strong>UCL</strong> Additions you can<br />
streng<strong>the</strong>n existing networks, find new contacts and take<br />
your ideas forward in groups based around communities<br />
of interest. You can also access relevant job and funding<br />
opportunities, training and events.<br />
<strong>UCL</strong> Additions is a <strong>UCL</strong> <strong>Advances</strong> project that has been<br />
developed for <strong>UCL</strong> by MegaNexus. Development of <strong>UCL</strong><br />
Additions has been part-funded by <strong>the</strong> National Endowment<br />
for Science, Technology and <strong>the</strong> Arts (NESTA) in recognition<br />
of its novel approach to opening university knowledge<br />
transfer opportunities.<br />
Find out more at: www.ucladditions.com<br />
42
“The start-up summer<br />
school has been a<br />
fantastic opportunity<br />
for students to<br />
develop <strong>the</strong>ir ideas<br />
in a business<br />
environment. They<br />
have really risen to<br />
that opportunity.<br />
The way <strong>the</strong>y have<br />
been putting into<br />
practice everything<br />
<strong>the</strong>y have learned<br />
during <strong>the</strong>ir time on<br />
<strong>the</strong> scheme has really<br />
made us proud.”<br />
Dr Itxaso de Palacio Aguirre<br />
Teaching Fellow, Management Science<br />
and Innovation – one of <strong>the</strong> session<br />
leaders for students<br />
<strong>UCL</strong> <strong>Advances</strong><br />
Summer<br />
Programme<br />
The scheme runs over a period of seven weeks, allowing<br />
teams to develop <strong>the</strong>ir ideas and work closely with <strong>the</strong>ir<br />
mentors, ending with a Dragon’s Den style pitch to a<br />
panel of venture capitalists and angel investors in order to<br />
determine <strong>the</strong> winner of <strong>the</strong> programme. Student teams<br />
receive a £2,000 project budget and £10,000 worth of<br />
YouGov market research. In 2011 over 100 students from<br />
<strong>UCL</strong> and Imperial College London applied for <strong>the</strong> project.<br />
Five teams were selected on <strong>the</strong> basis of proposed<br />
business plans and <strong>the</strong>n attended a series of master<br />
classes and workshops designed to enhance <strong>the</strong>ir<br />
entrepreneurial knowledge and skills. 2011 master classes<br />
were led by well known entrepreneurs including Martha<br />
Lane Fox, Margaret Heffernan and Brent Hoberman.<br />
The StartUp Summer initiative was introduced in July 2011<br />
and forms part of a wider scheme announced by David<br />
Cameron called StartUp Britain, aimed at regenerating<br />
interest in small businesses and helping support potential<br />
new start-ups. <strong>UCL</strong> <strong>Advances</strong> have developed StartUp<br />
Summer along with Imperial College and YouGov Plc.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/students/training/<br />
summerprogramme<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
43
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
<strong>UCL</strong> Angels<br />
<strong>UCL</strong> Angels is an informal angels group that provides seed<br />
investment to student-led companies and o<strong>the</strong>r London SMEs<br />
engaged with <strong>UCL</strong> <strong>Advances</strong> programmes. <strong>UCL</strong> would like<br />
to facilitate a way for companies to access seed funding from<br />
individuals who believe in <strong>the</strong> business. This relatively small<br />
amount of funding would enable companies to develop proof<br />
of concept and progress <strong>the</strong>ir businesses significantly.<br />
Find out more at: www.ucl.ac.uk/advances/support/uclangels<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
<strong>UCL</strong> Awards for<br />
Enterprise<br />
The annual <strong>UCL</strong> Awards for Enterprise honour <strong>the</strong> efforts and<br />
accomplishments of <strong>UCL</strong>’s innovative and entrepreneurial<br />
academics and students. The awards ceremony and<br />
reception highlight <strong>UCL</strong> as a leading hub of innovation and<br />
commercial activity, while bringing toge<strong>the</strong>r academics with<br />
businesses and investors.<br />
<strong>UCL</strong> is <strong>the</strong> only university in <strong>the</strong> UK to celebrate enterprise<br />
and <strong>the</strong> entrepreneurialism of our staff, students and<br />
graduates on campus, and our commercial partners and<br />
leaders off campus, in such a high-profile manner.<br />
Over <strong>the</strong> last five <strong>year</strong>s nearly 20 academics have been<br />
recognised for <strong>the</strong>ir achievements, as have nearly 20<br />
businesses, and over 50 student businesses have been<br />
supported by our recognition and with monetary prizes.<br />
Find out more at:<br />
www.ucl.ac.uk/enterprise/about/awards<br />
44
“It was an incredible<br />
opportunity which I<br />
totally recommend to<br />
new entrepreneurs<br />
that have just started<br />
or intend to start a<br />
business. Erasmus for<br />
Young Entrepreneurs<br />
provides an<br />
opportunity to learn at<br />
an early stage <strong>the</strong> art<br />
of entrepreneurship<br />
and how to avoid<br />
risks. In <strong>the</strong> future,<br />
I hope that I will, in<br />
turn, become <strong>the</strong><br />
host entrepreneur<br />
and return <strong>the</strong> favour<br />
to ano<strong>the</strong>r new<br />
entrepreneur in <strong>the</strong><br />
European Union.”<br />
Lucian Avadani<br />
New Entrepreneur, UK<br />
YELLOW<br />
YELLOW (Young Entrepreneurs Living and Learning by<br />
Overseas Working) is an Erasmus scheme for young<br />
entrepreneurs that aims to foster entrepreneurship<br />
across Europe, by linking young and aspiring<br />
entrepreneurs with experienced entrepreneurs in<br />
ano<strong>the</strong>r member state of <strong>the</strong> European Union. Young<br />
entrepreneurs can gain <strong>the</strong> necessary experience to<br />
establish <strong>the</strong>ir own business and create a portfolio of<br />
contacts. The host entrepreneurs also benefit in gaining<br />
new ideas and perspectives. Those who are firmly<br />
planning to embark on a new business venture or those<br />
who have already started a business within <strong>the</strong> last<br />
three <strong>year</strong>s are eligible to apply, as well as experienced<br />
entrepreneurs who own or manage an SME in <strong>the</strong> EU.<br />
<strong>UCL</strong> <strong>Advances</strong> has bursaries for young entrepreneurs<br />
who want to visit ano<strong>the</strong>r EU member state to gain<br />
such experience. Host entrepreneurs from high growth<br />
SMEs are also particularly welcome. Potential hosts<br />
are encouraged to register with <strong>UCL</strong> <strong>Advances</strong> if <strong>the</strong>y<br />
are seeking new ideas from young and innovative<br />
entrepreneurs.<br />
Find out more at:<br />
www.ucl.ac.uk/advances/business/support/erasmus<br />
Business<br />
Researchers<br />
Students<br />
Training<br />
Networking<br />
Support<br />
45
<strong>UCL</strong> <strong>Advances</strong><br />
helps you expand<br />
your network to<br />
meet <strong>the</strong> people<br />
and businesses<br />
needed to develop<br />
new ideas
Entrepreneurial alumni<br />
<strong>UCL</strong> has a long history of<br />
outstanding entrepreneurial<br />
alumni, including those that<br />
developed <strong>the</strong>ir businesses prior<br />
to <strong>the</strong> launch of <strong>UCL</strong> <strong>Advances</strong>.<br />
This is just a sample of <strong>the</strong> many<br />
alumni that have gone on to have<br />
entrepreneurial success.<br />
Past<br />
Edwin Waterhouse (BA, 1860)<br />
founding partner of<br />
PricewaterhouseCoopers<br />
PwC is now <strong>the</strong> largest professional<br />
services firm in <strong>the</strong> world, and one<br />
of <strong>the</strong> ‘Big Four’ accountancy firms.<br />
Edwin Waterhouse went into<br />
partnership with Samuel Lowell<br />
Price and from 1874 was one of<br />
<strong>the</strong> founding members of Price,<br />
Waterhouse & Co., until <strong>the</strong><br />
company merged with Coopers &<br />
Lybrand in 1998. He was president<br />
of <strong>the</strong> Institute of Chartered<br />
Accountants from 1892–4.<br />
Colin Chapman (Structural<br />
Engineering, 1948) founder of<br />
Lotus Cars<br />
At just 24, Colin Chapman founded<br />
<strong>the</strong> sports car company Lotus<br />
after leaving <strong>the</strong> Royal Air Force.<br />
Pioneering a new philosophy<br />
with regards to car design, <strong>the</strong><br />
lightweight Lotuses would go on<br />
to win seven F1 titles between<br />
1962 and 1978. Chapman was<br />
responsible for creating <strong>the</strong> worldrenowned<br />
reputation that <strong>the</strong> brand<br />
still retains today.<br />
Wayne Hemingway (Geography<br />
and town planning, 1982)<br />
co-founder fashion label<br />
Red or Dead<br />
Wayne Hemingway and his wife<br />
Gerardine began <strong>the</strong>ir fashion<br />
venture in 1982 by selling items<br />
from <strong>the</strong>ir own wardrobe at a stall<br />
in Camden. By <strong>the</strong> end of <strong>the</strong> <strong>year</strong><br />
<strong>the</strong>y were running 16 stalls. The<br />
brand grew from <strong>the</strong>re on,<br />
as shops opened in Camden,<br />
Manchester and Soho, selling a<br />
combination of original designs<br />
and second hand clo<strong>the</strong>s. Red<br />
or Dead is now stocked by major<br />
retailers across <strong>the</strong> UK and last<br />
<strong>year</strong> launched its own fragrance.<br />
Nadhim Zahawi<br />
(Chemical Engineering, 1985)<br />
founder of YouGov<br />
YouGov, established in <strong>the</strong> UK in<br />
2000, is a market research<br />
agency open to anyone, and<br />
aimed at creating a network of<br />
communication between those with<br />
shared interests. YouGov is now a<br />
global enterprise since acquiring<br />
firms in Germany and <strong>the</strong> USA, and<br />
opening an office in Dubai. Nadhim<br />
entered Parliament as <strong>the</strong> MP for<br />
Stratford in 2010.<br />
Ali Parsa (Civil Engineering,<br />
1987, 1995) founder of Circle,<br />
<strong>the</strong> largest clinical partnership<br />
in Europe<br />
Since <strong>the</strong> incredible success<br />
of developing and improving<br />
Hinchingbrooke Hospital in<br />
Cambridgeshire, once considered<br />
one of <strong>the</strong> area’s worst hospitals,<br />
Circle, established in 2005, has<br />
become <strong>the</strong> largest partnership<br />
of healthcare professionals in<br />
Europe. Circle works to provide<br />
hospitals where <strong>the</strong> owners are<br />
<strong>the</strong> employees, putting doctors<br />
and nurses directly in control<br />
of <strong>the</strong> running of <strong>the</strong> hospital.<br />
Ali Parsa is a recipient of UK<br />
Young Entrepreneur of <strong>the</strong> Year,<br />
and graduated with a PhD in<br />
engineering physics from <strong>UCL</strong>.<br />
Peter Williams (Economics, 1996)<br />
and Robert Shaw (Anatomy, 1996)<br />
co-founders of fashion label<br />
Jack Wills – University Outfitters<br />
Having set up <strong>the</strong> now widely<br />
sought after Jack Wills clothing<br />
line back in 1999, Williams and<br />
Shaw are now 70% shareholders<br />
in a company that turned a profit of<br />
£13 million in 2011 alone. Friends<br />
at <strong>UCL</strong>, <strong>the</strong> pair initially invested<br />
£40,000 of <strong>the</strong>ir own savings and<br />
have now launched a sister brand,<br />
Aubin & Wills, aimed at a more<br />
mature audience.<br />
Andrew Jacobs (Economics, 1991)<br />
founder of Giraffe Restaurants<br />
Launched in 1998 by <strong>UCL</strong> alumnus<br />
Andrew Jacobs along with Juliette<br />
Joffe and Russel Joffe, <strong>the</strong> Giraffe<br />
restaurant chain is now <strong>the</strong> fastest<br />
growing national restaurant group<br />
and is expanding overseas.<br />
Embracing music and cuisine<br />
from around <strong>the</strong> globe, Giraffe<br />
has been an overwhelming<br />
success and six new sites are<br />
being planned this <strong>year</strong>.<br />
Present<br />
Jay Ruparelia (Statistical<br />
Science, 2007) and Remal Tailor<br />
(Ma<strong>the</strong>matics, 2007) co-founders<br />
of Teachus, a private and<br />
group tuition service based<br />
in London<br />
Both Jay Ruparelia and Remal<br />
Tailor worked for investment<br />
banking firms for two <strong>year</strong>s after<br />
graduating from <strong>UCL</strong> in 2007 in<br />
order to earn enough money to<br />
start Teachus, a private tutoring<br />
company, in 2009. Teachus has<br />
now gone on to secure a schools<br />
contract in <strong>the</strong> summer of 2012,<br />
and Jay and Remal have now set<br />
up a summer school programme<br />
for 350 disadvantaged pupils in<br />
Brent moving from primary to<br />
secondary school.<br />
Kes Thygesen (SSEES 2007,<br />
MS&I, 2008) launched <strong>the</strong><br />
start-up OVIAhr.com (now<br />
Wowzer) along with a partner<br />
in 2002 and went on to found<br />
Rolepoint, ano<strong>the</strong>r recruitment<br />
start-up<br />
Rolepoint is a social networking<br />
platform that facilitates easier<br />
communication between<br />
candidates and employers, and<br />
enabling people to recommend<br />
o<strong>the</strong>rs that <strong>the</strong>y think would be<br />
suitable for a position. This is now<br />
Kes Thygesen’s biggest project<br />
since starting OVIAhr.com in 2002.<br />
48
Raoul Tawadey (Natural Sciences,<br />
2009) founder of Circalit, 2010<br />
Raoul benefitted from using<br />
<strong>the</strong> Hatchery services at <strong>UCL</strong><br />
<strong>Advances</strong> in <strong>the</strong> early stages<br />
of his business, and described<br />
it as “a game changer for my<br />
company”. Circalit is an online<br />
publishing platform for writers,<br />
and enables users to follow <strong>the</strong>ir<br />
favourite authors as well as post<br />
<strong>the</strong>ir own <strong>review</strong>s, whilst building a<br />
readership for <strong>the</strong>ir own material.<br />
Raoul was one of <strong>the</strong> winners of<br />
<strong>the</strong> 2011 Bright Ideas Awards.<br />
Chester Mojay-Sinclare (BA<br />
Philosophy, 2011) founder of<br />
Alive and Giving and Charity<br />
Checkout<br />
Winning both <strong>the</strong> London<br />
Entrepreneurs’ Challenge and<br />
<strong>the</strong> <strong>UCL</strong> Bright Ideas Award,<br />
www.charitycheckout.co.uk is<br />
a charity search engine and<br />
comparison site. Founded<br />
by Chester Mojay-Sinclare, a<br />
Philosophy graduate from <strong>UCL</strong>,<br />
and co-founded by Melissa<br />
Johnson, also a <strong>UCL</strong> graduate,<br />
Chester has developed Charity<br />
Checkout which reached <strong>the</strong> final<br />
of NACUE’s (National Consortium<br />
of University Entrepreneurs)<br />
National Varsity Pitch Competition<br />
in 2011, in <strong>the</strong> Social Enterprise<br />
category.<br />
Ashton King (MSc Human-<br />
Computer Interaction, 2011)<br />
founder of TigerSense/Captain<br />
Conversion<br />
TigerSense, now called Captain<br />
Conversion, is a user experience<br />
agency based in London. It<br />
works to create instinctive<br />
user experiences, which help<br />
companies and organisations<br />
deliver successful products, such<br />
as websites, by making <strong>the</strong>m more<br />
user friendly. Ashton received<br />
<strong>the</strong> London Entrepreneurs’<br />
Challenge 2010 Innovation Central<br />
Bursary. Ashton has recently<br />
worked with <strong>UCL</strong> <strong>Advances</strong> in<br />
<strong>the</strong> redevelopment of <strong>the</strong> website<br />
having completed his master’s in<br />
Human-Computer Interaction at<br />
<strong>UCL</strong> in 2009.<br />
Michael Langguth and Oyvind<br />
Henriksen (both MSc Technology<br />
Entrepreneurship, 2011) founders<br />
of Poq Studio, and previous<br />
residents in <strong>UCL</strong> <strong>Advances</strong><br />
Hatchery<br />
Founded by <strong>UCL</strong> students Michael<br />
and Oyvind along with Jun Seki in<br />
2011, Poq Studio creates branded<br />
shopping apps for fashion,<br />
jewellery and beauty companies.<br />
Michael and Oyvind are also<br />
members of <strong>the</strong> Microsoft<br />
BizSpark programme.<br />
Future<br />
Artsiom Stavenka (PhD Politics and<br />
Energy Dialogue) founder of Old<br />
Bond Ltd., 2011<br />
Art’s firm, Old Bond, attaches<br />
strips of LEDs to <strong>the</strong> spokes of<br />
bike wheels to display computergenerated<br />
images. Old Bond is<br />
<strong>the</strong> first of its kind in utilizing bikes<br />
for mobile advertising, and it is this<br />
innovative idea that secured him a<br />
£7,500 loan from <strong>UCL</strong>’s fifth annual<br />
Bright Ideas Awards. The company<br />
is currently based in <strong>the</strong> <strong>UCL</strong><br />
<strong>Advances</strong> Hatchery.<br />
Daniel Abluch (MSc Technology<br />
Entrepreneurship), founder of<br />
WeLikeShopping in 2012<br />
<strong>UCL</strong> graduate Daniel Abluch and<br />
co-founder Phil Vengrinovich<br />
launched WeLikeShopping in<br />
early 2011. The website which<br />
helps consumers discover sales<br />
and new items in clothing stores<br />
across London was built via<br />
communication over Skype while<br />
Daniel and Phil were working on<br />
o<strong>the</strong>r projects in different countries.<br />
Daniel and Phil have been able to<br />
build up <strong>the</strong>ir team whilst being<br />
based in <strong>the</strong> <strong>UCL</strong> <strong>Advances</strong><br />
Hatchery, and successfully<br />
launched <strong>the</strong>ir website<br />
in July 2012.<br />
Thomas Walczak (BSc<br />
Computer Science) founder<br />
of EventIgnite, 2012<br />
<strong>UCL</strong> graduate and previous<br />
Hatchery resident Thomas<br />
has developed EventIgnite,<br />
an interactive, cross-device<br />
app for organizing events and<br />
conferences. The app connects<br />
all attendees through social media<br />
and enables speed networking<br />
at events. It also allows all<br />
content to be published to mobile<br />
devices saving money and <strong>the</strong><br />
environment.<br />
Brian Hole (PhD Archaeology,<br />
current) and Tom Pollard (PhD<br />
Space and Climate Physics, current)<br />
founders of Ubiquity Press,<br />
2012<br />
Ubiquity Press was founded by<br />
PhD candidates Brian Hole and<br />
Tom Pollard at <strong>UCL</strong> and is now <strong>the</strong><br />
largest open access publisher of<br />
<strong>UCL</strong> journals. The flexible publishing<br />
model makes journals affordable,<br />
and enables researchers around<br />
<strong>the</strong> world to find and access <strong>the</strong><br />
information <strong>the</strong>y need, without<br />
barriers. Ubiquity Press is currently<br />
operating as a spin-off company<br />
based on campus.<br />
49
Press coverage<br />
Universities and company founders boost<br />
student jobs<br />
“<strong>UCL</strong> <strong>Advances</strong> invited<br />
some of <strong>the</strong> capital’s<br />
most dynamic startups<br />
to bid for student<br />
interns, matched by <strong>the</strong><br />
university to ensure <strong>the</strong>y<br />
could hit <strong>the</strong> ground<br />
running and offer genuine<br />
benefit to <strong>the</strong> companies<br />
concerned.”<br />
Financial Times, 21 September, 2012<br />
Business? It’s easy peasy for youngsters<br />
“Citrus Saturday, an<br />
initiative set up by<br />
University College<br />
London to give young<br />
people a taste of selfmade<br />
business success,<br />
saw 40 students set up<br />
10 lemonade stands<br />
across <strong>the</strong> borough.”<br />
Camden New Journal, 12 July, 2012<br />
50
Fledgling ventures flock to London for<br />
seed entrepreneurs<br />
“London has been<br />
crowned Europe’s capital<br />
for start-ups by some of<br />
<strong>the</strong> global technology<br />
industry’s leading players<br />
at a ga<strong>the</strong>ring to<br />
nurture some of <strong>the</strong> most<br />
promising upcoming<br />
entrepreneurial talent.”<br />
British university blazes a trail in<br />
business start-ups<br />
<strong>UCL</strong> demonstrates how<br />
<strong>the</strong> “faces of campus<br />
enterprise reveal <strong>the</strong><br />
risks – and rewards –<br />
as business incubators<br />
continue to spread across<br />
<strong>the</strong> academic world.”<br />
New York Times, 14 February, 2011<br />
Financial Times, 8 September, 2010<br />
51
Bike wheels lead <strong>the</strong> way for bespoke advertising<br />
“One of ten new<br />
businesses run by past<br />
or present students<br />
of University College<br />
London to share<br />
£100,000 of low-cost<br />
loans for start-ups in its<br />
fifth annual Bright Ideas<br />
Awards for enterprise.”<br />
Mail on Sunday, 20 May, 2012<br />
Get smart with a student<br />
On KEA’s: “It brings<br />
benefits to both sides.<br />
‘By putting Tina’s<br />
academic and intellectual<br />
rigour toge<strong>the</strong>r with our<br />
practical knowledge<br />
and experience, we<br />
should come up with<br />
something new and<br />
interesting… and we<br />
give Tina operational and<br />
commercial knowledge<br />
of <strong>the</strong> sector.’”<br />
The Sunday Times, 4 April, 2010<br />
52
UK to teach Americans about start-ups<br />
“American students are to<br />
be encouraged to come<br />
to <strong>the</strong> UK to learn about<br />
entrepreneurship, under<br />
a scholarship set up by<br />
<strong>the</strong> Fulbright Commission<br />
and University College<br />
London.”<br />
Financial Times, 1 April, 2012<br />
The new route to a fortune<br />
British universities are<br />
now “offering money<br />
and advice to help<br />
would-be entrepreneurs.<br />
A pioneer in <strong>the</strong> field<br />
is <strong>UCL</strong>, which aims to<br />
create 100 new student<br />
businesses each <strong>year</strong> for<br />
<strong>the</strong> next five <strong>year</strong>s.”<br />
The Sunday Times, 25 September, 2011<br />
53
Our team<br />
Abigail Freeman<br />
Open Innovation Project Manager<br />
020 7679 7525<br />
abigail.freeman@ucl.ac.uk<br />
Gurpreet Jagpal<br />
Deputy Director<br />
020 7679 7520<br />
g.jagpal@ucl.ac.uk<br />
Alastair Moore<br />
DECIDE Project Lead<br />
020 7679 4599<br />
a.moore@cs.ucl.ac.uk<br />
Hannah Pope<br />
Project Assistant<br />
020 7679 9151<br />
hannah.pope@ucl.ac.uk<br />
Anna Thomlinson<br />
SMILE Services Assistant<br />
020 3103 3286<br />
a.thomlinson@ucl.ac.uk<br />
Helen Anderson<br />
Admin and Finance Assistant<br />
020 3108 3278<br />
h.anderson@ucl.ac.uk<br />
Chris Rayner<br />
Student Business Advisor<br />
020 7679 4879<br />
christopher.rayner@ucl.ac.uk<br />
Jack Wratten<br />
Citrus Saturday Manager<br />
020 7679 4599<br />
j.wratten@ucl.ac.uk<br />
Claire Arbon<br />
Knowledge Transfer Partnership<br />
Manager<br />
020 3108 3290<br />
c.arbon@ucl.ac.uk<br />
Krista Macmillan<br />
Database and Website Manager<br />
020 3108 3285<br />
k.macmillan@ucl.ac.uk<br />
Deepa Visavadia<br />
Departmental Administrator<br />
020 3108 3280<br />
d.visavadia@ucl.ac.uk<br />
Laura Connor<br />
Training Manager<br />
020 7679 4518<br />
laura.connor@ucl.ac.uk<br />
54
Lillian Shapiro<br />
Student Business Advisor<br />
020 7679 7544<br />
l.shapiro@ucl.ac.uk<br />
Sangeetha Agalakotuwa<br />
Training Assistant<br />
020 7679 4518<br />
s.agalakotuwa@ucl.ac.uk<br />
Melissa Lamptey<br />
Multimedia and Web Assistant<br />
020 7679 4887<br />
m.lamptey@ucl.ac.uk<br />
Shauna Kearney<br />
PA to <strong>the</strong> Director<br />
020 3108 3283<br />
s.kearney@ucl.ac.uk<br />
Natalie Scanlon<br />
Training Assistant<br />
020 7679 7494<br />
n.scanlon@ucl.ac.uk<br />
Steve Dabson<br />
Finance Administrator<br />
020 3108 3279<br />
s.dabson@ucl.ac.uk<br />
Nicolas Ulloa Olguin<br />
HELO Service Assistant<br />
020 3108 3287<br />
nicolas.olguin.10@ucl.ac.uk<br />
Timothy Barnes<br />
Director<br />
020 3108 3282<br />
t.barnes@ucl.ac.uk<br />
Ruth Hou<br />
SMILE Project Manager<br />
020 3108 3288<br />
r.hou@ucl.ac.uk<br />
Wendy Tester<br />
Events Manager<br />
020 3108 3284<br />
w.tester@ucl.ac.uk<br />
Samuel Sheppard<br />
Inter-CEP Project Assistant<br />
020 3108 3283<br />
samuel.sheppard@ucl.ac.uk<br />
55
Planned <strong>UCL</strong> <strong>Advances</strong><br />
Programmes<br />
<strong>UCL</strong> <strong>Advances</strong> will continue to<br />
develop new programmes as <strong>the</strong><br />
needs of our audiences develop<br />
and funding changes.<br />
The following schemes are<br />
examples of new activities we<br />
are hoping to implement in <strong>the</strong><br />
coming <strong>year</strong>.<br />
Fulbright<br />
The 2013/14 academic <strong>year</strong><br />
will see <strong>the</strong> introduction of a<br />
Fulbright Scholarship opportunity<br />
for one student to undertake a<br />
<strong>year</strong>-long MSc in Technology<br />
Entrepreneurship in <strong>the</strong> department<br />
of MS&I. As part of a global<br />
programme aiming to foster<br />
leadership and understanding<br />
between cultures, Fulbright<br />
grantees are offered a number<br />
of cultural events, organisational<br />
memberships, and networking<br />
opportunities during <strong>the</strong> exchange.<br />
The MSc in Technology<br />
Entrepreneurship will introduce<br />
students to <strong>the</strong> challenges <strong>the</strong>y<br />
face when starting <strong>the</strong>ir technology<br />
enterprises and give <strong>the</strong>m <strong>the</strong> skills<br />
and academic knowledge <strong>the</strong>y will<br />
need to succeed. They will attend<br />
guest lectures from entrepreneurs<br />
and experienced professionals in<br />
<strong>the</strong> field through <strong>UCL</strong> <strong>Advances</strong>,<br />
as well as attending <strong>the</strong> London<br />
Entrepreneurs’ Challenge. The<br />
dissertation students produce<br />
in <strong>the</strong>ir third and final term will<br />
give a detailed plan of <strong>the</strong>ir new<br />
technology enterprise.<br />
<strong>UCL</strong> DECIDE<br />
DECIDE (Digital Enterprise:<br />
Collaborative Innovation,<br />
Development and Evaluation) is<br />
a ground-breaking programme to<br />
help SMEs achieve pre-commercial<br />
validation of new products and<br />
services. This includes platforms<br />
to support digital development<br />
– including <strong>the</strong> <strong>UCL</strong> App Store<br />
for mobile testing and collecting<br />
first user data – as well as access<br />
to content for exploring new<br />
business models – for example,<br />
UK terrestrial TV programming.<br />
DECIDE will also help support<br />
physical systems deployment like<br />
m-payments or loyalty cards to<br />
help road-test offerings.<br />
Student Venture Fund<br />
<strong>UCL</strong> <strong>Advances</strong> is currently<br />
planning to launch a small venture<br />
fund for investing in student-led<br />
businesses. It is intended to be<br />
<strong>the</strong> world’s first truly student-run<br />
investment operation. It is hoped<br />
that this will be ready for launch<br />
in 2013.<br />
Alumni Business Club<br />
Besides <strong>the</strong> currently offered<br />
services to <strong>the</strong> <strong>UCL</strong> Alumni that<br />
have been involved with <strong>UCL</strong><br />
<strong>Advances</strong> during <strong>the</strong>ir studies, an<br />
Alumni Business Club will provide<br />
valuable networking opportunities<br />
to <strong>UCL</strong> Alumni that have started<br />
businesses since graduating.<br />
Benefits will include priority access<br />
to mentoring and training schemes,<br />
discounted CPD courses, <strong>the</strong><br />
use of <strong>UCL</strong> <strong>Advances</strong>’ incubation<br />
space and early invitations to<br />
relevant events. In becoming a<br />
member of <strong>the</strong> Alumni Business<br />
Club, <strong>UCL</strong> <strong>Advances</strong> can extend<br />
<strong>the</strong> network of alumni involved in<br />
start-ups, enabling <strong>the</strong>m to fur<strong>the</strong>r<br />
<strong>the</strong>ir professional connections and<br />
get in touch with o<strong>the</strong>rs in similar<br />
stages of <strong>the</strong>ir careers, or with<br />
mutual interests.<br />
56
Partners and Funders<br />
<strong>UCL</strong> <strong>Advances</strong> is funded by a core allocation from <strong>UCL</strong>’s HEIF allocation, with <strong>the</strong> majority of additional resources coming<br />
from external contracts to provide training and business support services. <strong>UCL</strong> <strong>Advances</strong> receives no direct support from<br />
<strong>UCL</strong>’s core teaching and research funds. The partners and funders shown here are a selection of those we have worked with<br />
since 2007 in funding or delivering activities.<br />
57
<strong>UCL</strong> <strong>Advances</strong> is affiliated with<br />
<strong>UCL</strong> Enterprise, which provides<br />
<strong>UCL</strong>’s structures for engaging<br />
with business for commercial<br />
and societal benefit.<br />
<strong>UCL</strong> Enterprise<br />
Enterprise is important to all<br />
universities, but resonates<br />
particularly with <strong>UCL</strong>. From our<br />
inception we were created as an<br />
enterprising institution, with a bold<br />
ambition to create a University<br />
dedicated to <strong>the</strong> greatest good for<br />
<strong>the</strong> greatest number. This principle<br />
has underpinned <strong>the</strong> evolution<br />
of modern-day <strong>UCL</strong>, a confident<br />
and enthusiastic community<br />
of enterprising researchers,<br />
educators, and scholars, working<br />
toge<strong>the</strong>r for <strong>the</strong> immediate,<br />
medium and long-term benefit<br />
of society.<br />
<strong>UCL</strong> Enterprise provides <strong>UCL</strong>’s<br />
structures for engaging with<br />
business for commercial and<br />
societal benefit. It includes three<br />
units: <strong>UCL</strong> <strong>Advances</strong>, <strong>UCL</strong><br />
Business and <strong>UCL</strong> Consultants.<br />
Toge<strong>the</strong>r, <strong>the</strong>y provide access<br />
to <strong>the</strong> capabilities and resources<br />
of <strong>the</strong> <strong>UCL</strong> community to help<br />
businesses start, grow<br />
and develop.<br />
<strong>UCL</strong> <strong>Advances</strong><br />
The centre for entrepreneurship<br />
at <strong>UCL</strong>, <strong>UCL</strong> <strong>Advances</strong>, offers<br />
training, networking and business<br />
support for staff, students<br />
and external entrepreneurs to<br />
encourage and enable new<br />
enterprises to get going.<br />
Unique in <strong>the</strong> UK Higher<br />
Education sector, its primary<br />
role is to promote a culture of<br />
entrepreneurship on campus<br />
and engagement with<br />
entrepreneurs and small<br />
businesses beyond <strong>UCL</strong>’s<br />
boundaries, and currently delivers<br />
over 30 activity programmes.<br />
www.ucl.ac.uk/advances<br />
<strong>UCL</strong> Business<br />
<strong>UCL</strong> Business is a leading<br />
technology transfer company,<br />
which supports and<br />
commercialises research and<br />
innovations arising from <strong>UCL</strong>,<br />
one of <strong>the</strong> UK’s leading researchled<br />
universities. <strong>UCL</strong>B has a<br />
successful track record and<br />
strong reputation for identifying<br />
and protecting promising new<br />
technologies and innovations<br />
from <strong>UCL</strong> academics.<br />
It invests directly in development<br />
projects to maximise <strong>the</strong> potential<br />
of <strong>the</strong> research and manages<br />
<strong>the</strong> commercialisation process of<br />
technologies from <strong>the</strong> laboratory<br />
to be market ready. <strong>UCL</strong>B<br />
supports <strong>UCL</strong>’s Grand Challenges<br />
of increasing <strong>UCL</strong>’s positive<br />
impact on and contribution to<br />
Global Health, Sustainable Cities,<br />
Intercultural Interaction and Human<br />
Wellbeing. www.uclb.com<br />
<strong>UCL</strong> Consultants<br />
<strong>UCL</strong> Consultants Ltd was<br />
established by <strong>UCL</strong> to bring its<br />
academics toge<strong>the</strong>r with national<br />
and international clients, providing<br />
access to <strong>UCL</strong>’s leading-edge<br />
expertise and world-class facilities.<br />
<strong>UCL</strong> Consultants offers a<br />
one-stop office for academics<br />
wishing to carry out consultancy<br />
work, providing comprehensive<br />
contractual, tendering and<br />
administrative support, enabling<br />
<strong>UCL</strong> staff to ensure timely,<br />
high-quality delivery to meet clients’<br />
requirements. It has extensive<br />
experience in working with a<br />
wide variety of clients including<br />
multi-national, governmental<br />
organisations, space agencies,<br />
international companies and SMEs.<br />
www.uclconsultants.com
<strong>UCL</strong> <strong>Advances</strong><br />
www.ucl.ac.uk/advances<br />
advances@ucl.ac.uk<br />
1st Floor<br />
90 Tottenham Court Road<br />
London W1T 4TJ