There is no denying that Science is BIG BUSINESS! From pharmaceutical research to medical devices, space exploration and computational technology, there are a huge variety of jobs and skills required to make science a financial success. Although scientists are pivotal to the progress of any new research, inventions will only reach the consumer if patent and IP lawyers, business development managers, fund managers and market analysts are included in the project development plan.
This one-day course offers students the opportunity to enter real research laboratories, meet scientists developing new technologies and work on business development strategies in a ‘dragons den’ style finale!
Arrival and Introduction (10:00 – 11:00)
Students are greeted by our friendly reception team and shown to ‘The Studio’ where their introduction to the world of science begins.
Students receive a group welcome talk from one of our scientists, providing an overview on the ‘business of science’. Students will learn about the cost of research and marketing, the roles of lawyers, investors and fund managers. Students had best take notes as they will have the opportunity to put their new-found skills into action later in their visit!
Laboratory and clinic tour (11:00 – 12:00)
Students enter the research laboratories at Liverpool Science Park to learn about a range of devices already making millions of pounds for their investors and see other devices that are currently in production, whilst also meeting the scientists working on them.
Students will learn how they work, how they are sold and how much profit they might make a company. Students will also be introduced to the high financial risks of scientific work, when competitors submit patents first and when inventions fail to meet their expectations.
Students have 45 minutes for lunch, packed lunches can be provided at a cost of £5 per student if requested in advance.
Dragons Den Workshop (12:45 – 15:00)
In the afternoon students have the opportunity to form their own companies in groups of 4-6 students per team. Each company is provided with a ‘product box’ containing an invention currently in development. Each box contains a different invention at different stages of development. Students must work together to put a marketing and funding strategy into action then present their business strategy to the rest of the group in 3 minute presentations. Scientists are also on hand to offer professional advice and product demonstrations if necessary.
Each group is provided with ‘BioGrad Dollars’ which they can invest in their own company or in the development of another company. By the end of the afternoon each company learns whether their product has launched successfully or not! The team with the largest profit margins is announced the winner.
Students must work together to calculate their investments and profit margins, providing ample opportunities for students to put their business theory into practice whilst also offering a rare opportunity to see unusual applications for business skills in the real world.
Liverpool Science Park
We are very easy to find! The main reception to Liverpool Science Park is at the base of the Cathedral steps on Mount Pleasant.
(Please note that the Cathedral has 3 entrances on 3 different streets).
This interactive school trip offers students the opportunity to see beyond the classroom to a range of careers that are only usually available to graduates.
This trip is available for groups of 20 – 60 students.
The cost of this course is £34 per student
2017/2018 Early Bird discounts are available:
Bookings paid before 19th December 2017 are £18 per student
Bookings paid before 28th January 2018 are £26
Science Park, Liverpool, L3 5TF
This runs from 10am - 3pm during term time
Students must be KS5