Young scientists are now making business sense
WE really are creating a generation of budding entrepreneurs.
One in seven projects at the 2012 BT Young Scientist Exhibition were considered commercially viable by business leaders.
In comparison, six years ago, just 2pc of entries were deemed commercially viable.
Organisers behind the long-running competition said the new generation of students have shown they have already developed 'business brains'.
Dr Fergal Brady, examiner of patents at the Patents Office, said they received queries about 30 entries prior to the 2012 exhibition.
"We are certainly seeing a trend for more of a product innovation or invention-led project from the applications we get," he said.
"Prior to this, on average we would have seen approximately 12 patent applications and traditionally one to two of these are accepted."
The 2012 BT Young Scientist of the Year award went to best friends and maths whiz kids Eric Doyle and Mark Kelly from Crumlin whose project -- 'Simulation accuracy in the gravitational many-body problem-- involved ensuring that satellites can be sent into space with a greater degree of accuracy about their movements.
Colm O'Neill, chief executive of BT Ireland, has called on students to begin preparing projects for 2013 as the closing day for entry is just over four months away on October 1. The exhibition will take place in the RDS, Dublin, from January 9 to 12.