National Bio Entrepreneurship Competition 2020 for Indian bio Entrepreneurs
Every year C-CAMP organizes National Bio Entrepreneurship Competition (NBEC), a nationwide competition to attract, identify, and nurture bio-entrepreneurs working on novel and scalable business ideas with significant societal impact. Applicants compete for attractive cash prizes and investment opportunities. First Launched in 2017, NBEC has emerged as a flagship platform for bio-entrepreneurs and innovators in India to showcase their deep science driven ideas and has created a great impact. It has brought to the forefront 25 exceptionally promising young entrepreneurs as winners who have grabbed the attention of investors, were featured in national and global media, and went on to win many other accolades.
Due to the adversities associated with the COVID-19 pandemic, this year NBEC 2020 would be going online. We have seen a heart-warming response from Partners this year too. Our partners from the last 3 continue to support our efforts, for which we are deeply grateful and we are delighted to welcome our new Partners who also believe in our vision.
While all rounds and the Grand Finale would be virtual this year, we do expect the same enthusiasm from all our participants as we have seen for the past three years.
National Bio Entrepreneurship Competition 2020 Eligibility
Eligibility for Student Teams:
· Students currently in a graduate, post graduate or PhD program.
· Students must apply as a team of four, should identify one member as the team leader.
· Team Leader should be the main/primary applicant.
· All student team members should have valid student ID.
· 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
· Idea should be a Deep tech Life Science based idea
Eligibility for Start Ups/Individuals:
• Companies include start-ups, MSMEs and other large companies
• Individuals can be post doc, faculty, scientist, working professionals and aspiring entrepreneurs
• For companies, the company should be registered in India and majority ownership should be Indian
• Individual Applicants should be citizens of India
• Idea should be a Deep tech Life Science based idea
The National Bio Entrepreneurship Competition (NBEC) 2020 is inviting path breaking, revolutionary, and scalable business ideas in the life sciences domain spanning:
- Agri & Allied, including conventional plant breeding, tissue culture and micro-propagation, molecular breeding or marker assisted selection, genetic engineering and GM crops, molecular diagnostic Tools, soil Health and Digital Agricutlture; Animal Health including diagnostics, therapeutics, nutrition, and other sub-domains related to veterinary applications and other related sub-domains
- Healthcare, including Diagnostics, Drug Discovery & Development of vaccines, therapeutics, biologics and plant based therapeutics. CRO/CMO/CRAMS. Maternal & Child Health (MCH),
- AMR – including Tb/Malaria, Covid-19, Rare and Neglected Diseases & other Infectious Diseases
- Digital Health, including AI & ML, imaging, wearables, healthcare IT and other related sub domains
- Medical Devices
- Environment including Clean and renewable energy, biofuels, clean air, and other related sub-domains. Water & Sanitation including water treatment, solid waste treatment, and other related sub-domains
- Industrial Biotechnology, including enzymes, fermentation based products for non-pharma purposes, bioplastics, and other related sub-domains. Food & Nutraceuticals, including dietary supplements, and other related sub-domains
- Personal Care products with emphasis on Green & Sustainable Technology, Synthetic Biology, Green Chemistry, Green Formulations, Reducing Carbon Footprint etc.
National Bio Entrepreneurship Competition 2020 Selection Criteria
Evaluation Criteria for Student Teams:
After admin check and due diligence, the applications will be screened for originality of the idea (disqualified from the competition if 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 investor community will review the applications hereon.
Round 1: During the external assessment, applications will be selected on the basis of novelty, scientific validity, feasibility of developing a working solution and feasibility of business
Round 2: Regional Rounds wherein the selected applicants will make an online presentation before a jury panel. The Jury members will select the top business ideas based on novelty, scientific validity, feasibility of developing a working solution, feasibility of business, team strength and clarity of articulation
Round 3: Applicants selected from Round 2 will attend a 2-day online boot camp and intense mentoring sessions. Applicants will pitch before the Pre-Final Jury Panel and selected based on novelty, scientific validity, 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:
- a)Scientific Validity: Problem being addressed and the feasibility of the solution based on scientific principles
- b)Feasibility of Developing a Working Solution: how the student has applied the scientific principles to develop a working solution/prototype
- c)Feasibility of Business: well – defined customer/customer segment, market size for product/solution have been addressed
- 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 originality of the idea (disqualified from the competition if 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 investor community will review the applications hereon.
Round 1: During the external assessment, applications will be selected on the basis of scientific validity, feasibility of developing a working solution, business case and commercialization, scaling and sustainability strategies of the idea
Round 2: Selected applicants will make an online presentation before a jury panel. The Jury members will select the top business ideas based on scientific validity, 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 online boot camp and intense mentoring sessions. Applicants will pitch before the Pre-Final Jury Panel and selected based on scientific validity, 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:
- Scientific Validity: specific problem being addressed and the feasibility of the solution based on scientific principles
- Feasibility of Developing a Working Solution: application of the scientific principles to develop a working solution/prototype
- Business Case: Core team and their strength in business plan execution, well defined customer/customer segment, addressable market and value proposition
- d.Commercialisation, Scaling and Sustainability: steps taken towards commercialisation and product to market strategies
For more information: Visit the website for National Bio Entrepreneurship Competition (NBEC) 2020 for Indian Bio-Entrepreneurs
