Our Investment Focus
The 2016 BioCrossroads New Venture Competition, an early stage business competition designed to encourage entrepreneurial activity of Indiana life sciences and health information technology companies, is now accepting applications. Since 2012, the competition has awarded more than $240,000 to 16 start-up companies, which have been able to secure $21 million in follow-on funding.
The winner of the competition will be awarded a cash prize of $25,000 and have the opportunity to make a presentation to the Indiana Seed Fund II investment committee. Second Prize: $15,000 cash. Third Prize: $10,000 cash. Pre-Venture prize: $10,000 cash. In addition to the cash prizes, all semi-finalist and finalist companies will be invited to attend the summit and pre-summit reception as guests of BioCrossroads and also be highlighted in the BioCrossroads newsletter.
Companies in the Life Sciences (biotechnology, pharmaceutical, medical device, diagnostic, ag-biotech) and Health Information Technology sectors that hold a substantial nexus to Indiana and a high potential for attracting investment capital should apply. The competition will be comprised of an initial application submission, invitation of highly-scored applications to submit formal pitch decks and the selection of five finalists to present to a panel of expert judges.
Companies will be evaluated based on their management teams, control or access to owned, licensed or protectable IP/technology, development plans, connection to Indiana and ability to demonstrate a validated market need.
All competition participants will be responsible for taking the proper steps to protect their intellectual property. The competition is a public event. Judges, organizers, sponsors, and other individuals involved in the event do not sign non-disclosure agreements. The ownership of the technology must be identified. Teams will not be permitted to present ideas based on science and technology owned by third parties who have not licensed their technology to the presenting company (or in the case where negotiations are ongoing, expressed a clear intent to license the technology to the participants, pending agreement on terms). The organizers of the competition may disqualify any team failing to comply with this rule and shall be held harmless due to such action.
Competition Timeline • July 6: Competition announcement and application released • August 15: Applications Closed • August 19: Semi-finalists notified • September 6: Pitch Decks due • September 9: Finalists notified • October 4: Finalist presentations
- Healthcare Services
- Medical Devices and Equipment
- Indiana, US