2024/2025 Royal Society Entrepreneur in Residence (EiR) Scheme: A Premier Opportunity

The Royal Society Entrepreneur in Residence (EiR) Scheme is a prestigious program designed to bridge the gap between academia and industry by placing experienced industrial scientists and entrepreneurs in UK universities. This initiative aims to enhance the understanding and awareness of cutting-edge industrial science, research, and innovation within academic settings. If you are an industrial scientist or entrepreneur looking to make a significant impact in academia, this guide will provide you with all the necessary information to apply for the 2024/2025 EiR Scheme.

Scholarship Opportunity Details:

Category: Highly Experienced Industrial Scientists and Entrepreneurs

Sponsor(s): The Royal Society Entrepreneur in Residence (EiR) scheme

Location: UK

Application Deadline: 18th September 2024

Eligibility Criteria

To be eligible for the Royal Society EiR Scheme, applicants must meet the following criteria:

1. Nationality and Work Authorization: The scheme is open to applicants of any nationality, provided they are eligible to work in the UK for the duration of the award.
2. Background: Applicants should have a background in science and engineering.

• Experience: Significant experience in industrial research is required. Additionally, applicants must demonstrate expertise in one or more of the following areas:Managing university-business collaborations and the translation and commercialization of research.
• Entrepreneurship, including company formation, growth, and investment.
• Training, coaching, or mentoring.

1. Employment Status: Applicants can be employed full-time, part-time, or be self-employed.

Application Process

The application process for the Royal Society EiR Scheme is straightforward but requires careful attention to detail. Here are the steps to apply:

1. Prepare Your Application: Gather all necessary documents and information, including your CV, a detailed project plan, and evidence of your experience in industrial research and entrepreneurship.
2. Submit Through Flexi-Grant®: All applications must be submitted via the Royal Society’s grant management system, Flexi-Grant®. Ensure that your application is complete and submitted before the deadline.
3. Assessment: Applications are assessed by the Industry Fellowship panel. The assessment criteria include the quality and feasibility of the proposed project, the applicant’s experience and track record, and the potential impact of the project on the host university.
4. Notification: Applicants will be notified of the outcome of their application approximately three months after the closing date.

For more detailed information on the application process, visit the Royal Society’s official webpage.

Benefits of the EiR Scheme

The Royal Society EiR Scheme offers numerous benefits to both the award holders and the host universities:

• Funding: The scheme provides up to £25,000 per year (including VAT where applicable) for two years. This funding covers:Salary equivalent to 0.2 FTE of the award holder’s current salary to spend 20% of their working time at the host university.
• Travel and project costs, including accommodation if required, conference attendance, meeting workshops, and training.

1. Professional Development: The scheme offers career recognition and supports the professional development of the award holders.
2. Impact on Academia: Award holders will expose university staff and students to state-of-the-art industrial research and development, providing support and expert advice aimed at promoting innovation and the translation of research.
3. Networking Opportunities: The scheme facilitates connections between academia and industry, fostering collaborations that can lead to significant advancements in research and innovation.

Deadline

The application deadline for the 2024/2025 Royal Society EiR Scheme is September 18, 2024. It is crucial to submit your application before this date to be considered for the program.

Conclusion

The Royal Society Entrepreneur in Residence (EiR) Scheme is an exceptional opportunity for industrial scientists and entrepreneurs to contribute to the academic community while advancing their own careers.

By participating in this program, you can help bridge the gap between industry and academia, fostering innovation and research translation. If you meet the eligibility criteria and are passionate about making a difference, don’t miss this chance to apply.

For more information and to apply, click here.

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