Best of Biotech

Best of Biotech (BOB) is an international business plan competition with focus on life sciences, i.e. Biotechnology, Medical technology 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.[1]

logo BOB

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 AYOXXA Biosystems, AVIR Green Hills Biotechnology, Oridis Biomed, Protaffin AG and Ugichem.[2][3][4]

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.[5]

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)

References
  1. "LISA awards". Staatspreis. Archived from the original on 2010-03-06. Retrieved 2009-07-22.
  2. "Best of Biotech information". Bioportfolio.com. Retrieved 2009-02-08.
  3. "Powerful disease detecting chip" (PDF). The Straits Times. Singapore. October 23, 2011. p. News section. Archived from the original (PDF) on April 14, 2014. Retrieved Apr 2, 2014.
  4. Basu, Radha (January 1, 2011). "Testing time for biotech scientist, A biochip that can detect hundreds of diseases" (PDF). The Straits Times. Singapore. p. D4. Archived from the original (PDF) on April 13, 2014. Retrieved Apr 2, 2014.
  5. "Plane mit BOB". Der Standard. Retrieved 2009-07-22.
  • Tournament In Management and Engineering Skills
  • Entrepreneurs' Challenge
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