Academic Business Challenge - for researchers

Are you a researcher/PhD student with a potential business idea?

... but have no time to work on it – here’s your chance. In the Academic Business Challenge a team of students evaluate the business potential of a researcher’s idea. Researchers (PhD students included) from all faculties are welcome to apply. 6-9 ideas will be chosen for participation.

[ABC for students | ABC för forskare - på svenska]

This course is a collaboration between Uminova Innovation and Umeå School of Business at Umeå University. All students are invited to apply, which allows for mixed teams. They will be divided into teams and matched with an idea from a researcher, for which they will sign a confidentiality agreement. Each team will get support from Uminova Innovation's business coaches. 

The work of the students is based on our 7D model, during a period of seven weeks. We expect you to be present at the first meeting on February 27th to meet with your student team and describe your idea. You will also need to be available during the course to answer questions, but it is up to the students to do the work. At the end of the course you will have a meeting with the students where they present their work. Thereafter, they will present their assignments to a panel of experts and get feedback.

The following scholarships will be awarded:

• Best work - 7000 SEK to the students and 4000 SEK to the researcher
• Most promising business idea – 7000 SEK to the researcher

Börje Rehn, participant in Academic Business Challenge 2010:

“The advantage of ABC is that you get the opportunity to work together with students from various university programs and an experienced business coach. You get a lot of encouragement which helps you move forward, and questions arise which are not thought of before. ABC is an excellent and pleasant way to test your ideas and the possibility of commercializing your research results."

Apply for ABC by filling out this form and send it to, no later than February 14th 2014.