FINALIST INFORMATION: 2014 BioCrossroads New Venture Competition
presented by Krieg DeVault - details on submitting business plans 

The BioCrossroads New Venture Competition presented by Krieg DeVault encourages life sciences and healthcare entrepreneurial activity by providing awards and recongition to promising new life sciences and health information technology ventures.  Applying companies will enter a highly competitive process to gain access to key industry contacts and cash awards, as well as gain access to the Indiana Seed Fund II staff and the fund’s network of resources to provide early-stage strategic support to the companies.

 

First Prize:                          

$25,000 cash, ISF II staff support and in-kind services

Second Prize:

$15,000 cash

Third Prize:

$10,000 cash

Pre Venture Prize:

$10,000 cash prize (for promising technology that is too early in its development to be a viable investment opportunity)

Companies in the Life Sciences (biotechnology, pharmaceutical, medical device, diagnostic, ag-biotech) and Health Information Technology sectors that hold a substantial nexus to Indiana and a high potential for attracting investment capital should apply.    

In addition to the cash prizes, all semi-finalist and finalist companies will be invited to attend the Summit and pre-summit reception as guests of BioCrossroads.

Requirements
Early-stage biotechnology, pharmaceutical, medical device, diagnostic, ag-biotech or health information technology companies developing innovative products and platforms are eligible to apply. 

For consideration, companies must either be Indiana-based or be able to demonstrate a significant Indiana connection. 

Companies will be evaluated based on their management teams, control or access to owned, licensed or protectable IP/technology, development plans and ability to demonstrate a validated market need. 

Intellectual Property
All competition participants will be responsible for taking the proper steps to protect their intellectual property. The competition is a public event.  Judges, organizers, sponsors, and other individuals involved in the event do not sign non-disclosure agreements.

The ownership of the technology must be identified. Teams will not be permitted to present ideas based on science and technology owned by third parties who have not licensed their technology to the presenting company (or in the case where negotiations are ongoing, expressed a clear intent to license the technology to the participants, pending agreement on terms). The organizers of the competition may disqualify any team failing to comply with this rule and shall be held harmless due to such action. 

Companies who are invited to submit business plans will be notified by August 29, 2014, and business plans will be due by September 9, 2014.

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Competition Sponsors:
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