BioCrossroads New Venture Business Plan Competition
2017 BioCrossroads New Venture Competition
Now Accepting Submissions
The BioCrossroads New Venture Competition encourages life sciences and healthcare entrepreneurial activity by providing awards and recognition to promising new life sciences and health information technology ventures. BNVC companies will enter a highly competitive process to gain access to cash awards as well as key industry contacts, the Indiana Seed Fund staff and the fund’s network of resources that provide early-stage, strategic support.
The winner of the competition will be awarded a cash prize of $25,000 and have the opportunity to make a presentation to the Indiana Seed Fund investment committee. Second prize is $15,000 cash and third prize is $10,000 cash.
In addition, all applicants will receive complimentary tickets to the Indiana Life Sciences Summit on October 9 and 10 as guests of BioCrossroads.
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.
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.
Applications must be submitted on or before August 14. Companies who are invited to the semi-finalist round will be notified by August 23 with subsequent pitch decks due September 11. All Finalists will present at the Indiana Life Sciences Summit to a panel of judges on October 9 with winners announced later that day.