HOW IT WORKS?
Students have to form a team comprising of 5 team members, identify a team leader and a faculty member/mentor as a Guide. The Guide is optional.
Each team will submit a Concept Note based on which a Panel will screen the applications and shortlist 20 teams. These 20 teams will attend a fully paid for high quality Entrepreneurship Workshop that will familiarize them on matters related to starting a business venture like Business Plans, IP & Patenting Strategies, Raising Finance, Business Strategies and HR Practices. At the end of the Workshop, each team will develop a business plan based on their Concept and learning from the Workshop and make a ten minute power point presentation to the Jury. The Jury will evaluate and critique each of the business plans and identify 3 winning teams.
The 3 Winning teams will be awarded Prize money of Rs.500, 000/-, Rs. 300,000/- and Rs. 200,000/ respectively.
The winning teams will be also be given an opportunity to attend and present their business plans at ABLE’s Annual BioInvest Conference. BioInvest is ABLE’s flagship conference that brings together on one platform Life Science Companies, Institutional Investors and Investment Bankers to explore opportunities for investment.
Applicants must be students who are pursuing their masters (including 5 year integrated post graduate degree), doctoral degree, BE or B Tech courses or four year professional courses in the area of life sciences (bioscience/biotechnology and/or related subjects) from Indian Universities/Institutes.
The applicants should form a team of 5 students and nominate a team leader. The individual team members may or may not br from the same institute/University. One third of the team members can be from disciplines other than life sciences.
Each team will submit only one entry.
Core biotechnology disciplines under which Concept Notes will be invited include Agriculture, Aquaculture, Alternate Energy/Bio-energy, Bioinformatics, Biological Applications, Bioprocess Engineering, Environment, Food, Human Resource Development, Medical, Medical Diagnostics, Medical devices, Medical Therapeutics, Nanotechnlogy/Nanobiotechnology, and Vaccines.
The proposals could be either for product, service or an application.