London City Incubator
London City Incubator (LCI) is an innovation catalyst programme within the Research and Enterprise Department at City, University of London. The programme is designed to explore market opportunities for innovative technologies or research developed by City's academics.
The programme aims to capitalize on Intellectual Property (IP) developed by City academics, and on the other it provides IP commercialization and entrepreneurial skills within a live project context to PhD, Masters and MBA students, or recent graduates from the City, University of London.
London City Incubator (LCI) for City graduates and post-graduates
The purpose of the LCI Associate role is to assist with the commercialisation of novel technologies developed at City, University of London. We look for promising candidates who have the ability to help move City’s technologies to the next level by translating research into commercial ventures.
The LCI Associate role presents an unrivaled opportunity to identify the challenges facing technology-based start-ups, develop their commercialisation skills, and build interesting and diverse networks across London's vibrant start-up community – including but not limited to: budding entrepreneurs, investors, corporates and technology commercialisation specialists, encompassing a broad range of markets, technologies and business models.
In the event a new venture is spun out from City, you may have an opportunity to join the project’s start-up management team and help propel the spin-out into its next phase.
The LCI internship programme is open to all PhD, Masters or MBA students or recent graduates from City, University of London.
Please note that you are expected to join team meetings on all Thursdays (10am –4pm) throughout the duration of the LCI programme (January to June 2019). You must be willing to participate and work in a team environment.
Associates are also expected to attend an introduction meeting in December before the programme kicks off the following month.
This is a paid internship.
During the six months with the London City Incubator, successful candidates will have the following responsibilities:
- Conduct technology feasibility studies
- Attend conferences and start-up events to perform primary research
- Perform data analysis
- Build relevant contacts and networks
- Write succinct reports with your findings
- Undertake IP searches using patent databases
- Undertaking IP searches using patent databases
- Research and contact potential suppliers, customers, partners and investors to understand their requirements and areas of interest
- Liaise with the Business mentor, lead researcher and IP and Commercialisation manager
- Be an active member of the London City Incubator programme and support other Associates in delivering their projects
As an LCI Associate, you can expect to learn and grow in many ways. Briefly, these are a few of the skills you can develop during your time with us:
- Understanding of how the process of developing products or services that rely on distinctive technology generates business value.
- Ability to quickly develop an understanding of the scientific and engineering principles of a range of leading-edge technologies.
- Communication skills to become comfortable talking to and collaborating with diverse stakeholders to identify their requirements, build trust and share enthusiasm.
- Initiative to secure support from formal and informal, internal and external networks.
- Ability to adapt messaging to audiences both in design and in live feedback sessions.
- Confident and effective public speaking.
- Project management skills and ability to prioritise time and deliver results.
- Ability to work effectively in a team environment and independently.
- Hands-on experience of working on a new business venture.
LCI for MBAs at Cass Business School
The purpose of the LCI business mentor role is to mentor LCI Associate teams working on commercialisation of novel technologies developed at City, University of London. Your role as the business mentor will be to mentor the multidisciplinary teams with your industry experience and expertise, advising on strategy and provide leadership to the team. As an LCI Business mentor, you can expect to develop your leadership and strategy skills in a highly volatile environment of technology transfer and high-tech start-up projects.
The time requirement would be around 2 to 4 hours per month.
In the event a new venture is spun out from City, you may have an opportunity to join the project’s start-up leadership and help propel the spin-out into its next phase.
During the six months of London City Incubator Business Mentoring programme you are expected to:
- Gain understanding of your project brief, get to know the team you will be working with.
- Meet regularly (bi-weekly) with the assigned team of LCI Associates and IP and Commercialisation manager to monitor their progress and steer the work they are undertaking.
- Provide constructive feedback on the progress of LCI Associates.
- Attend follow-up monthly clinics with “mentor of mentors” to deal with any issues arising from the assignments where help/support/advice/guidance is required.
- Liaise with the London City Incubator manager in case of any queries.
- Be an active advocate of the London City Incubator programme and support LCI Associates in delivering their projects.
LCI and academics at City
One of the ways to transform research into impact is by demonstrating a contribution your research makes to the economy, society, environment and/or culture.
Transforming research into impact
London City Incubator can support academics at City in bringing their research closer to the market by:
- Conducting IP landscaping
- Identifying potential licensees for new technologies
- Building relevant industry contacts
- Researching and contacting potential suppliers, customers, partners and investors to understand their requirements and areas of interest
- Prioritising market sectors and locations
- Preparing a business plan for a spin off
- Preparing application for innovation / proof of concept funding
- Preparing an investor pitch deck and identifying the right investors for a spin off
As a City academic, telling us about your research is the first step toward exploring if we can collaborate and take the benefits of your research to the global community.
LCI for investors
For investors interested in early stage spin offs and technologies originating from City, University of London it is important to note the LCI Associate program undertakes the de-risking and due diligence processes required to establish initial proof of concept, prototyping and development of minimal viable products.
LCI projects provide a useful source of deep tech deal flow, with associates happy to present on the portfolio of opportunities available to the investment community. Engagement with industry is part of the LCI Associate process, thus all LCI projects have industry partners engaged as part of the due diligence process.
For more information on current opportunities, please email IP Commercialisation and Incubator Manager, Brigita Jurisic at firstname.lastname@example.org.
London City Incubator was founded in January 2009 and is based in the Research and Enterprise Office.
Established in 2009, Heliex Power Ltd is a spin-out from City's world-leading Centre for Positive Displacement Compressor Technology. Heliex has developed patented technology that extracts energy from waste steam or waste heat, generated by industrial processes, and has already won strong worldwide interest in its unique screw-expander based machine.
The company made its first sales in December 2012. London City Incubator supported Heliex from before its inception by conducting a feasibility study covering the following key areas:
- Prioritised market sectors and locations.
- Sales volume growth, pricing structure and sales growth curves.
- Applications of steam classified by process, industry and geographical regions.
- Product range and development programme.
- Costing including ‘Make’ versus ‘Buy’ decisions.
- Production capital and manufacturing resources.
- Human resources requirements and management.
- Financial modelling to include cash flow, P&L and balance sheet for the first three years of operation.
- Potential sources of funds, grants and assistance.
Nightglass was built on decades of research at Cass Business Scool into complex system roster design. Using mathematically-sound algorithms to prioritise staff ergonomics and work/life flexibility within the roster, whilst maintaining safe service cover and meeting the legal requirements the software produces rosters for A&E departments in NHS. In this way, individualised rosters are produced for each doctor which meet their particular needs, protect patients and doctors through fatigue reduction, ensures fair total hours distribution across the duration of their placement and fits work around life.
- Dr. Duncan Carmichael, The Whittington Hospital
London City Incubator supported Nightglass in 2018 by preparing a report on:
- Competitor analysis and definition of Nighglass´ unique sales point,
- Market overview with definition of sales channels and approach to sales,
- Proposal of client engagement and pricing strategy,
- Mapped out, standardized and priced key business processes,
- Supported writing of the application for Innovate UK funding,
- Identified potential sources of funds, grants and assistance,
- Identified potential partnering opportunities.
More on commercialising research
Learn how the LCI Associate programme opens the door to learning about translating research into a commercial opportunity.
This video from Association of University Technology Managers focuses in on the benefits and improvements made to society using the technology transfer process and how it can be possible for technologies to make a product or service faster, smaller, lighter, cheaper and more efficient: