Edinburgh BioQuarter is offering researchers and staff £55,000 in prize money for the best innovations leading to new medical companies being formed from scientific research.
All awards are open to research staff and PhD students at the University of Edinburgh and staff at NHS Lothian. Entries submitted must outline a business concept that delivers patient benefits in either human and/or animal medicine. This could include new drugs, diagnostic tools, software, devices or other creative products.
Prizes worth a total of £15,000 will also be awarded for the best patent, disclosure and best commercial idea from 2010. The overall winner will be expected to form a company that will be eligible for further funding through the Scottish Enterprise SMART scheme.