UK-India Business Challenge for science innovators

PA 29/10 - Scientists have a new chance to win funding to build healthcare or pharmaceutical businesses from their ideas in a new international business plan competition. It aims to create real businesses which bring fresh ideas and innovation into the pharmaceutical and healthcare sector. The 'BioPharm 2020: UK-India Biotechnology Business Challenge' is now open for entries from all UK and Indian scientists working in universities, research institutes and industry. The contest promotes international entrepreneurship in healthcare and pharmaceutical sciences within the UK and India. Led by The University of Nottingham in partnership with the Indian Institute of Technology Kanpur, and the Indian Institute of Management Bangalore, the competition provides support to help the brightest and the best of scientists with promising scientific advances underpinning a business idea to progress their concept towards commercial reality. The winner of the Best UK Entrant Award will receive a package of benefits worth over £40,000 to assist them in starting up a new company, including a £20,000 cash award for early start-up costs, 12 months' business start-up facilities at BioCity in Nottingham, mentoring, business advice and more. During the first round, teams are required to complete a short business plan executive summary.