Entrepreneur in Residence
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About the Royal Society Entrepreneur in Residence (EiR) scheme
The Royal Society Entrepreneur in Residence (EiR) scheme, part of the Science, Industry and Translation programme, aims to increase the knowledge and awareness in UK universities of cutting edge industrial science, research and innovation. The successful applicants are funded to spend 20% of their time over two years with their host university and collaborators, sharing their experiences to help mentor and support students and academics. The scheme has now funded 49 placements in 29 universities across the UK since its inception in 2018.
EiR Scheme in Medical Sciences
In January 2020, the MSD Translational Research Office (TRO) welcomed Dr Nessa Carey as a Royal Society Entrepreneur in Residence (EiR). Dr Carey will lead the strategic development and implementation of the EiR scheme in Medical Sciences, laying the foundation of a world-class innovation support ecosystem capable of accelerating the translation of world-leading research into innovative therapies, business and commercial products.
The scheme is designed to provide Oxford's research community with access to world-leading expertise and advice across multiple industry sectors in the following themes:
- Development of compelling translational project/technology strategies
- Navigating hurdles to commercialisation and spin-out
- Sourcing and development of high quality bids for external funding streams
In her role, Dr Carey will:
- Bring broad, multi-stakeholder and non-sector specific strategic oversight to the MSD EiR scheme
- Work with Oxford's academic community to enrich innovative translational programmes with commercial context
- Develop strategies to enhance the entrepreneurial culture at Oxford
- Lead the development of an enhanced, sustainable translation and innovation support ecosystem, empowering innovation managers with the knowledge and tools to lead researchers through complex translational pathways.
- Work with senior leaders and key stakeholders to identify opportunities to enhance Oxford’s translational research portfolio
- Work with the MSD Business Partnerships Office and Translational Research Office teams, as well as Oxford University Innovation, to facilitate the recruitment of ‘Experts’ with an in-depth sector-specific knowledge
- Lead a series of seminars, sandpits, surgeries and policy discussions
ABOUT DR NESSA CAREY
As a former academic scientific group leader at Imperial College, where she now holds a Visiting Chair, Dr Nessa Carey has a deep understanding of the academic environment. This has been enhanced by her long-term involvements with the MRC, BBSRC and lately UKRI. Her 13 years in senior roles in the biotech and pharma industries mean that she is exceptionally well-networked, including in the investment community and also understands the translational space intimately. This experience spans from start-up to multi-national corporation. Since leaving her role at PraxisUnico, where she strengthened her links with the PSRE technology transfer community, Nessa has built a successful business as a consultant, trainer and coach, working both nationally and internationally. Her consultancy work has spanned from one-to-one support to identify the greatest value in a medical device to creating the business development and innovation strategy for a complex multi-partner PSRE.