Lord Drayson is an external Member of Council until Michaelmas Term 2018.
He is Managing Partner of Drayson Racing Technologies, a motorsport research and development business which he co-founded in 2007.
After studying Production Engineering at Aston University followed by a PhD in Robotics at Aston, Paul Drayson's early career was spent at BL Technology and Trebor Group, where he worked as a Development Engineer. He began his career as a science entrepreneur in 1986, founding Lambourn Food Company, a business based on novel manufacturing technology. Following Lambourn’s acquisition, he founded Genisys Development in 1991, and then in 1993 co-founded PowderJect Pharmaceuticals plc, an Oxford University spin-out company. After floating PowderJect on the London Stock Exchange in 1997, he became Chairman and CEO until the company was sold in 2003.
He was appointed to the House of Lords in 2004, served as Parliamentary Under-Secretary of State for Defence Equipment and Support and Minister of State for Business and Regulatory Reform from 2005 to 2007, and was Minister of State for Science and Innovation from 2008 to 2010. He has been a member of the Privy Council since 2008.
He was Science Entrepreneur in Residence at the Saïd Business School from 2003 to 2005. He has been a member of the Advisory Board at Isis Innovation, Chairman of Oxford Children's Hospital Appeal, and since 2010 has been President of the Motorsports Industry Association.
He was elected a Fellow of the Royal Academy of Engineering in 2011.