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Translating Good Science To Good Enterprise
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Saturday, August 18, 2012:
Association of Biotechnology Led Enterprises (ABLE) organized a four day residential workshop - Biotechnology Entrepreneurship Students Team (BEST) For Young Science graduates to encourage entrepreneurship. The workshop was held from 10th- 13th of August in Bangalore and was funded by Department of Biotechnology (DBT). This was the fourth edition of BEST.
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160 business proposals were received in the areas of Life Sciences, that came from renowned universities across India. 20 proposals were shortlisted by an Eminent committee.
A work shop was conducted by the ABLE coordinated by Dr. Shailendra Vyakarnam, Director, Centre for Entrepreneurial Learning, Judge Business School, University of Cambridge.
CEOs of several biotech companies participated and advised the group lead by Kiran Mazumdar Shaw, CMD Biocon.
On the final day, the teams presented their business proposals to a Jury Chaired by Dr. Natesh, Advisor, DBT and Co-Chaired by the President of ABLE Dr. P. M. Murali. The first three winners were awarded prizes of Rs. 5 lakhs, Rs 3 lakhs, Rs. 2 lakhs respectively.
Indian Veterinary Research Institute (Bangalore) finished first while the teams from University of Rajasthan and International Center for Genetic Engineering and Biotechnology (Delhi) were adjudged second and third respectively. The prize monies will be handed over to the teams during BIOINVEST - an ABLE flagship annual Investor meet that will be held on December. The three winning teams will be provided an opportunity to present their business plans to explore funding opportunities.
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