National Bio Entrepreneurship Competition 2022

Eligibility for Student Teams:

• Students currently in a graduate, post-graduate or PhD program.
• Students will apply as a team of a maximum of four members and should identify one member as the team leader.
• The Team Leader should be the main/primary applicant.
• All student team members should have valid student IDs.
• All applicants and team members should be citizens of India.
• If students have already formed a company, the company should not be more than 2 years old at the time of applying
• The idea should be a Deep tech Life Science based idea.

Eligibility for Companies/Individuals:

• Start-ups, MSMEs and other large companies can apply
• Individuals can be post-doc, faculty, scientist, working professionals and aspiring entrepreneurs
• For companies, the company should be registered in India and the majority ownership should be Indian
• Individual Applicants should be citizens of India
• The idea should be a Deep tech Life Science based idea.

Selection Criteria

Evaluation Criteria for Student Teams:

After admin check and due diligence, the applications will be screened for the originality of the idea (disqualified from the competition if the idea is found to be copied), clarity of articulation, whether the idea has deep tech-based life Science component, and whether the idea is predominantly an academic research idea as opposed to a business idea. Applications that comply with these criteria will be shortlisted for Round 1.  A review panel comprising experts from academia, industry, and the investor community will review the applications hereon.

Round 1: During the external assessment, applications will be selected on the basis of novelty, scientific validity, the feasibility of developing a working solution and feasibility of business

Round 2: Regional Rounds wherein the selected applicants will make a presentation before a jury panel. The Jury members will select the top business ideas based on novelty, scientific validity, the feasibility of developing a working solution, the feasibility of the business, team strength and clarity of articulation

Round 3: Applicants selected from Round 2 will attend a 2-day boot camp and intense mentoring sessions. Applicants will pitch before the Pre-Final Jury Panel and selected based on novelty, scientific validity, the feasibility of developing a working solution and feasibility of business

Round 4: At the end of the boot camp the participants will pitch to a Grand Jury and will be evaluated for the following:

1. a)Scientific Validity: The problem being addressed and the feasibility of the solution based on scientific principles
2. b)Feasibility of Developing a Working Solution: how the student has applied the scientific principles to develop a working solution/prototype
3. c)Feasibility of Business: well-defined customer/customer segment and market size for product/solution have been addressed
4. d)Novelty of the Approach or Solution: Other products/solutions currently available in the market that address this problem and how does your product/solution compare with these products/solutions

Evaluation Criteria for Start-Ups/Individuals:

After admin check and due diligence, the applications will be screened for the originality of the idea (disqualified from the competition if the idea is found to be copied), clarity of articulation, whether the idea has deep tech-based life Science component, and whether the idea is predominantly an academic research idea as opposed to a business idea. Applications that comply with these criteria will be shortlisted for Round 1.  A review panel comprising experts from academia, industry, and the investor community will review the applications hereon.

Round 1: During the external assessment, applications will be selected on the basis of scientific validity, the feasibility of developing a working solution, business case and commercialization, scaling and sustainability strategies of the idea

Round 2: Selected applicants will make a presentation before a jury panel. The Jury members will select the top business ideas based on scientific validity, the feasibility of developing a working solution, business case and commercialization, scaling and sustainability strategies of the idea, team strength and clarity of articulation

Round 3: Applicants selected from Round 2 will attend a 2-day boot camp and intense mentoring sessions. Applicants will pitch before the Pre-Final Jury Panel and selected based on scientific validity, the feasibility of developing a working solution, business case and commercialization, scaling and sustainability strategies of the idea

Round 4: At the end of the boot camp the participants will pitch to a Grand Jury and will be evaluated for the following:

1. Scientific Validity: the specific problem being addressed and the feasibility of the solution based on scientific principles
2. Feasibility of Developing a Working Solution: application of the scientific principles to develop a working solution/prototype
3. Business Case: Core team and their strength in business plan execution, well-defined customer/customer segment, addressable market and value proposition
4. Commercialisation, Scaling and Sustainability: steps taken towards commercialisation and product-to-market strategies.

Awards

AWARDS for Student Teams:

• Total Cash Prizes up to INR 10 L.
• Mentorship by key industry leaders

AWARDS for Start-Ups/ Individuals:

• INR 16 Cr cash prizes and investment opportunities
• Winners and selected candidates are eligible for Amazon Web Services (AWS) Activate programme
• Mentorship by key industry leaders.

Timeline

• September 16 2022 – NBEC Launch
• September 16 2022 – Applications Open
• October 10 2022 – Applications Close
• November 12 2022 – Round 1 Review Close
• November 15 2022 – Selected participants will be notified
• November 21-28 2022 – Round 2 Regional Qualifiers
• November 30 2022 – Selected participants will be notified
• December 14- 15 – Boot Camp and Mentoring Sessions
• December 16 2022 – Round 3 Pre-finals
• December 17 2022 – Grand Finale

Terms & Conditions

Terms and Conditions

• The idea must be original and should not be copied in either full or part. If it is noticed at any point in time that the idea is not original, the entry will be disqualified and the applicant will be debarred from the contest.
• Students applying for NBEC: At the time of the application stage, forming a team is not mandatory now but you may be asked to form a team for the presentation round and onwards.
• Non-BIRAC Beneficiaries are encouraged.
• Details provided by the student applicant will be cross-checked with the faculty in charge.
• All details submitted in the application form as well as subsequent presentations will be treated as confidential to the extent possible. All reviewers will sign CDA/NDA. However, the responsibility of protecting information prior to putting it out in the application form or sharing it with anyone lies wholly with the applicant and we strongly recommend that any applicant that has any concerns regarding Intellectual Property (IP) protection and disclosure of information contact an appropriate and competent IP counsel before filling in the application.
• The applicants must regularly check their registered email and the official website of this competition for any announcements or updates.
• Only the selected applicants will be notified by email. It is the responsibility of the applicant to check their emails regularly around the date of “notification of acceptance”. The selected applicants who do not respond to the notification of acceptance email will not be followed up further after a waiting period of three days.
• The decision of the organisers will be final and binding.
• Final Boot Camp participants have to manage their own travel expenses. Accommodation will be provided.
• Taxes are applicable on the Prize Money
• Investment Opportunity for the winners will be evaluated by the Investment Partners based on their internal criteria and confirmed if it complies.
• The applicants agree to all the terms and conditions herein as well as those that the organisers may put in during the duration of the competition.

General queries: [email protected].

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Editor’s Note: National Bio Entrepreneurship Competition 2022. National Bio Entrepreneurship Competition. National Bio Entrepreneurship Competition C-CAMP. Please ensure that you are subscribed to the Biotecnika Times Newsletter and our YouTube channel to be notified of the latest in the industry. Follow us on our social media like Twitter, Telegram, Facebook and Instagram.