BEST 2016, the Biotech Student Entrepreneurship facilitation program for 2016 has been announced. This unique program encourages Biotech students to submit business ideas to explore the possibility of pursuing the spirit of discovery, development, and entrepreneurship.
"The objective of the program is to create entrepreneurial mind-set, raising an individual's motivation and capacity, independently to identify an opportunity as well as to pursue it in order to produce new value or economic success," said Dr Shailja Gupta, Scientist F, Department of Biotechnology (DBT).
Students need to form a 5-member team and register their concept notes before 15th September 2016. (http://www.ableindia.in/best2016/registration-form/). A Panel of experts will screen the applications and shortlist 20 teams. These 20 teams will then be called to attend a fully-paid high quality Entrepreneurship Workshop in New Delhi on December 7-11, 2016.
This business ideas workshop-cum-contest will familiarize the contestants on matters related to starting a business venture like Business Plans, IP & Patenting Strategies, Raising Finance, Business Strategies, HR Practices and Communication Skills. At the end of the Workshop, each team will develop a business plan based on their Concept and learning from the Workshop and make a ten minute power point presentation to the Jury. The Jury will evaluate and critique each of the business plans and identify 5 winning teams. The winning team with the best business plan will receive Rs 5 Lakh as first prize. There will be two second prizes Rs 3 Lakh each and two third prizes of Rs 2 Lakh each.
Launched in 2009 by ABLE (the Association of Biotechnology Led Enterprises), with the support of Department of Biotechnology (DBT), Government of India the, Biotechnology Entrepreneurship Student's Team (BEST) is a unique scheme to promote entrepreneurship.