Best of Biotech is an international business plan competition with focus on life sciences, i.e. Biotechnology

Biotechnology

Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...

, Medical technology

Medical technology

Medical Technology encompasses a wide range of healthcare products and is used to diagnose, monitor or treat diseases or medical conditions affecting humans. Such technologies are intended to improve the quality of healthcare delivered through earlier diagnosis, less invasive treatment options and...

 and related fields. The competition is organized every 1–2 years by LISA (Life Science Austria), a program run by Austria Wirtschaftsservice, the Austrian federal development and financing bank, to promote entrepreneurship in the life science sector. The competition is co-sponsored by private life science and healthcare companies and is organized in partnership with international tech transfer agencies and business incubators.

History

Since the first contest in 2000, 211 projects teams have participated, 41 companies have been founded and around €170,000 in prize money has been awarded. Among the companies founded are AVIR Green Hills Biotechnology, Oridis Biomed, Protaffin AG and Ugichem.

Competition

The contest is divided into two phases: In the first phase, participants submit a business idea of which the best three are awarded a cash prize. The second phase includes workshops and coaching sessions, which enable the participants to translate their business ideas into professional business plans. The best three business plans as well as the best medical technology business plan are finally awarded cash prizes. The competition is open to participants from all countries.

The 2010 Jury had the following members: G. Aichinger (Baxter), J. Sarx (Austria Wirtschaftsservice), E. Prieschl-Grassauer (Marinomed), T. von Rüden, M. Fritz (Austria Wirtschaftsservice), M. Müller (MUW), A. Weinländer-Mölders (Caesar & Loretz), R. Hodits (Wellington Partners), M. Jung (Earlybird), A. Fehér (Convincive Consulting), J. Rothe (Life Science Partners), J. Kosch (MIG Fonds)

Related pages

• Tournament In Management and Engineering Skills
  Tournament In Management and Engineering Skills
  The Tournament In Management and Engineering Skills is the only European-wide business case competition of its kind, and has been organised since 1994....
  
  
• Entrepreneurs' Challenge

External links

• Best of Biotech
• Austria Wirtschaftsservice