A fantastic springboard
Head of industry Aurora Antemir said: "The Emerging Technologies Competition is a celebration of chemistry’s contribution to our rapidly changing world – and a terrific showcase for some of the SMEs working at the cutting edge of science.
"Winning is no mean feat, with an extremely competitive field in each category. Our winners have demonstrated tremendous skill and an ability to find solutions to problems that will change the way we will all live our lives in years to come."
Each winner will receive tailored business support from the competition’s multinational partner companies, as well as business training and media support – in addition to a cash prize of £10,000.
Previous winners have gone on to raise a combined £31m in investment and grant funding, collectively doubled employee numbers and attracted licence deals and significant international expansion. Some have gone on to be acquired, with winners securing trade sales of £28million, while previous 'One to Watch' winner, Ziylo, was recently acquired in a £623million deal.
Aurora continued: "Chemistry Means Business brings SMEs, start-ups and academic entrepreneurs together with the major and multinational companies that can take their ideas and innovations to the next level.
"This competition has proven to be a fantastic springboard for entrepreneurial ideas and have helped countless SMEs make the leap from lab to market – so we’re looking forward to seeing what our winners, and indeed all those shortlisted, will achieve in future."
A great deal of the competition’s success is owed to its partners, chemistry-using multinationals who share a passion for innovation and collaboration. They provide support to winners in a number of ways, including strategy reviews, product testing, and introducing them to new networks.