Together with our friends from BioNova and BIONB– Nova Scotia and New Brunswick’s life sciences industry associations – Emergence has joined the search for the best early stage bio company anywhere in Atlantic Canada. And it could be your venture…
Emergence clients are encouraged to enter the BioInnovation Challenge!
The BioInnovation Challenge (BIC) is for early stage life sciences companies, as well as for researchers who have a clear intention to commercialize.
BIC is more than just a pitch competition: it is a support program designed to assist life science companies and researchers become established, viable entities.
Since 2011, the BioInnovation Challenge has supported 38 companies from Nova Scotia, New Brunswick and Prince Edward Island – each receiving significant training to position their business for investment attraction.
As of 2016, BIC had provided approximately $250,000 in funding & in-kind services to support the growth of life sciences companies across the region.
This year’s competition offers more than $50,000 in seed funding and in-kind services to the winners.
Proposal evaluation and semi-finalist selection is based on:
- Innovation – Why is there a need for your product or idea?
- Benefit – What is the benefit and impact your idea will have?
- Commercialization Capability – How do you anticipate implementing your idea?
HOW IT WORKS
- From the applications received, eight semi-finalists will be chosen to participate in a training program in Halifax (August 29 & 30)
- Participation in the training program is mandatory.
- Semi-finalists will receive one-on-one coaching & pitch their idea to a panel of judges (October 17)
- Top three finalists will pitch their idea to a conference audience and panel of judges at BioPort Atlantic (October 18)
WHO IS ELIGIBLE?
Early stage life sciences companies or researchers who have a clear intention to commercialize from Nova Scotia, New Brunswick or Prince Edward Island .
In addition to the grand prize and training, the BioInnovation Challenge puts finalists in front of investors, the media and influential people in the industry. Take advantage of the spotlight and kick start your success.
HOW TO APPLY
THE GRAND PRIZE!
$15,000 in funding to develop your business and an Advisory Services Package – valued at more than $30,000, which includes the following: Mentoring and Coaching Advice, Communications and Branding Assistance, Legal Consultation, Financial Planning Advice, Risk and Insurance Assessment, Sales and Management Training.
Learn more about the competition – click here for full information!
“Thank you so much for all of your support over the past few months. You nailed it when you described the BioInnovation Challenge as so much more than a competition. It pushed us to think — quickly yet deeply –through our story, our pitches, our key messages, product and company names and logos, our preliminary website, our exports and exit, ou rpurpose and long-term plan, and things we hadn’t even considered. It also pushed us to meet some development milestones more quickly than we would have without the competition. Between the sponsor presentations early on and Linda’s coaching, the questions and feedback from judges and conference participants over the past two days, and inspiring presenters who’ve been in our shoes, we’re taking away invaluable ideas and insights that will help us think outside the box about the impact we can have and how to get there. Kudos to carrying out an awesome challenge and conference. We can’t thank you enough for this experience.” – Testimonial from BioInnovation Challenge Winner 2016, MacKenzie Healthcare Technologies