QUEST is a brand new programme, building upon the knowledge and training developed by the QTEC team through out the QTEC Fellowship Programme and offering individuals a more flexible approach to training.
With two cohorts of up to twelve businesses per year, QUEST will support the development of over twenty new businesses per year.
Cohorts will commence in the Autumn and Spring of each year with the Autumn cohort focused on developing companies for a specific sectoral focus (e.g. quantum or cyber) and the Spring cohort being a generalised cohort for any quantum, scientific or engineering technology.
THE QUEST PROGRAMME
This new 6 month programme takes the attendees down the path of commercialisation and gives them all of the skills they need to be the CEOs and CTOs of their own technology businesses.
Month 1 - 2
Technology Roadmaps, Markets, Customers and Business Models
Month 3 - 4
Tactical Marketing, Strategic Selling, Finance & Investor Readiness
Raising Capital & Building the Business
Launching the Business
Entrepreneurs are leaders – their vision dictates the culture of a future company and the impact it has on society and they build a business within uncertain and complex systems.
The first quarter of the QUEST programme explores the journey into entrepreneurship and instils tools and techniques to adapt to the entrepreneurial lifestyle and how to create a vehicle to drive a technology to market.
Building an investable business requires a solid business plan that details the financial, technology, communication and recruitment strategy to realise a business idea.
The second quarter of the QUEST programme teaches core business knowledge to develop an investable business plan.
Businesses from deep-science generally need investment to develop the technology into a viable product and/or service to develop a sustainable business following the QUEST programme.
In quarter three, Fellows spend more time building their business through self-managed time – providing time to act on knowledge developed in Q1 and Q2 to create an investment ready business culminating in an investment pitch delivered at the annual, London based QTEC Investor Showcase.
The final part of the QUEST programme is self-managed for Fellows to focus on building a sustainable business to continue to drive forward following the programme.
Supported by the QUEST network, Fellows aim to obtain real commercial contracts, build a team and expand their network – putting into practice the taught modules from the programme and work towards incorporating an investor funded business commercialising a quantum or deep technology.
After finishing the programme, the companies will continue to grow with the support and guidance to help them obtain the funding to allow their companies to reach the next level.
Survive and Thrive
"Before I started at QTEC, I approached challenging situations more as a student, sometimes following advice blindly...QTEC taught me that in business, you have to think for yourself and hold yourself accountable to your actions.”
WENMIAO YU, CO-FOUNDER &
BUSINESS DEVELOPMENT DIRECTOR
Frequently asked Questions
The Application Process
Do I need an idea?
Due to the length of our programme and our focus on business training, it helps if you have a technology or business idea before you join the QUEST programme.
However, if you don't have an idea then we recommend attending our 'Start Something' programmes as they may help you find a business idea you can take forward!
Do I need a team?
No - we accept applications from individuals or teams.
However, building a business is difficult and we recommend you don't do it alone. For this reason, we will help any individuals coming onto the programme find potential co-founders as we feel this gives your business the best chance of survival.
How can I find funding to come onto the programme?
We will work with applicants to help you secure funding.
Potential sources of funding include Impact Acceleration Awards from your host institution, commercialisation or impact funding from research grants or corporate or institutional sponsorship. Please get in touch for more information.
Can I defer my place if I am unable to find funding?
Yes - of course!
As we run two cohorts per year, one cohort per annum is for a specific technology sector (typically the Autumn cohort). Therefore, if your technology idea does not fit into this sector we may need to defer your place until the next general deep technology cohort.
Is the programme right for me?
The QTEC team has particular experience of supporting those who are more academically minded and are currently doing research in either Higher Education Institutions, Research Institutions and other Technology Companies.
If you want to find out if you're a good fit for the programme then contact us to set up a call. We'd be happy to discuss further.
How much does the programme cost?
The cost to attendees from UK Universities is £10,000 per company and we do not take any equity in your business.
QTEC is a not for profit entity and this fee is to cover the programme and centre costs only. In addition, you will receive hot desking space at QTIC in Bristol. If you are not from a UK University and are interested in attending the programme, please contact us directly for the fee information.
How do I apply?
Attending the Programme
Do I need to relocate?
No - you aren't required to move to Bristol to take part in QUEST.
Around a quarter of our programme will be delivered in person at our base in Bristol, UK and you will be expected to come to Bristol to attend. However, the rest of the programme will be undertaken online to give you the flexibility of where you're based. However, Bristol is a great city to start a technology business, with a wealth of incubation and lab space for SMEs and a thriving investor community. So if you want to move to Bristol we'd be happy to help you with this.
Do you offer Office Space?
Yes - you receive hot-desking space during your time on the programme.
We are based in the Quantum Technology Innovation Centre (QTIC) which is a co-working space for deep technology companies. QTIC offers wifi, tea and coffee facilities and event and meeting spaces. You will also receive access to the Engine Shed Lounge area whilst part of the QUEST programme.
What happens to my IP?
Your IP will continue to be owned by whomever owned it when you start the programme. This will be either yourself or your University/Employer. We strongly advise you speak to your Tech Transfer Office to find out who owns your IP so you can arrange the necessary license or spin-out deal before starting the programme.
What happens if I fail to create a company:?
During the programme you will gain invaluable expertise in business and leadership skills and this will equip you with many transferable skills for whatever you choose to do next.
Of our alumni founders, 98% have moved into their own business or into industry with only 2% returning to academia. Ultimately, we will work with you to help you figure out what to do next.