And the winner is...
After a rigorous application process in which applicants put forward their ideas to improve lives across Health, Food and Drink, Enabling Technologies and Energy and the Environment, 37 innovators were invited to pitch their ideas to the panel of judges.
The eight winners chosen for 2019 were:
1 Rosa Biotech
3 Cambridge Photon Technology
4 Thermulon Ltd
5 Hexigone Inhibitors
6 Refyn Ltd
7 Mimica Labs
Aurora Antemir, Head of Industry at the Royal Society of Chemistry said: "Chemistry Means Business pairs the next generation of chemistry innovators with the blue-chip companies that can take their ideas forward.
"Both the winners and finalists this year have undoubtedly been amongst the most innovative we’ve seen yet. We’re looking forward to seeing how these incredible new ideas and innovations will deliver really exciting real-world benefits."
Rewarding and supporting innovation
Now in its seventh year, the competition brings cutting-edge science to the real world for the benefit of society. Previous winners have gone on to raise a combined total of over £32m in equity investment and grant funding, with one company subsequently being sold for £28m. Winners have also expanded overseas, entered commercial contracts, conducted clinical and industrial scale trials, and collectively doubled their staff.
Each winner will receive £/€ 10,000, support from competition partners (Unilever, Pfizer, Johnson Matthey, RSSL and Croda) and intensive business and pitch training at Cambridge Judge Business school.