The BioInnovation Challenge offers early-stage health and life science companies from across Atlantic Canada the opportunity to compete for $25,000 in seed funding and $30,000 in advisory services to help develop their business ideas.
The BioInnovation Challenge is an Atlantic Canadian business competition that recognizes commercialization potential in health and life sciences, and encourages innovation and the creation of new companies in the bioscience sector.
“Every year we are blown away by the potential of the companies in the competition,” Scott Moffitt, Managing Director at BioNova told us. “Even a small investment in health innovation can spur business growth, job creation and better health outcomes for Canadians.”
New to this year’s program, the conference will also feature BioInnovation Challenge Junior (BIC Junior), for Nova Scotian high school and first year post-secondary students to create health and life science business ideas. The winner will receive a prize of $2,000.
This year’s finalists will be awarded advisory services with the first-place winner receiving $25,000 in seed funding, for a total prize package valued at $55,000.
BIC is supported by the Atlantic Canada Opportunities Agency, Dalhousie University Industry Liaison and Innovation, EmerGence BioIncubator and BioNB, with in-kind services provided by Archway Insurance, Bereskin & Parr, Jennifer Cameron PR, PwC, Cox and Palmer, and Grant Thornton.
BioNova leads, accelerates, and advocates for Nova Scotia’s growing health and life sciences sector.
Since 2002, BioPort has provided a forum to inform and inspire the health and life sciences community to develop their ideas, commercialize their technologies and build links within the region, nationally and abroad.
See also: BioNova Opens BIC Applications