Bio Entrepreneurship Program
A Journey from Ideation to entrepreneurship from September to November, 2023
Register NowProgram Description
Bioriidl, India's First DIY Biolab, is organizing the 7th edition of Bio-Entrepreneurship Program (BEP), a 9-weeks program that will focus on product development and go-to-market strategies. The program will run from the beginning of September to November 2023.
Teams will be exposed to mentors from technology, business, and design verticals. They will also learn how to do market research and prepare a business plan.
During the program, teams will work on their ideas from ideation to product development and market research. At the end of the program, there will be a pitching session where teams will present their prototypes to investors. The winners will be selected based on their performance and the milestones they have achieved.
Bioriidl provides access to state-of-the-art infrastructure, including molecular biology labs, cell culture labs, fermentation labs, analytical labs, and common instrument labs. Teams will also have access to Somaiya Vidyavihar and Somaiya Ayurvihar's medical hospital, physiotherapy college, ayurvedic institute, agriculture institute, and other departments. This access may be beneficial to teams working on global health, agritech, or biotechnology-related issues.
Eligibility Criteria:
Ideation / Early-stage Startups
Duration:
9 weeks (September last week - November last week)
Registration Fees:
INR. 1500 per team (Maximum 4 members per team)
Detailed Structure of the program
Week 1
Discover and Define
The first selection will be done here. Teams will be selected based on their idea, design, and technical implementation details. The results will be announced on Saturday of this week.
Week 2
Prototype initiation
The selected team will be paired with mentors based on their idea. Team will define their unique value proposition (UVP).
Week 3
Prototype development
Teams will start developing their product/prototype and evaluation will be done on Saturday by mentors.
Week 4
Prototype development
Teams will work on their product/prototype entire week and on Friday, core industry experts will come and interact with the teams to give their valuable feedback on the product. Saturday: Evaluation.
Week 5
Prototype development
Teams will continue to develop and test their product or prototype. Bioriidl team will visit regional communities, labs or organizations to physically interact with the teams and conduct offline workshops for business plan development.
Week 6
Prototype development
This week will be the end week of developing product/prototype. Teams can start testing their product from this week. Saturday second selection will be done based on their performances and milestones achieved.
Week 7
Prototype/Product testing and modification
During this week, teams need to complete testing prototype/product and can modify their product as per the need. Customer-based partnerships will be established, for which regional labs will coordinate with potential partners.
Week 8
Data collection and market research
Our market and business experts will teach and guide all teams on how to do market research and how to make a business plan for their prototype or product. Strategic partnerships will be established if required.
Week 9
Final business plan and pitch preparation
Teams will work on their business plan, final presentation and documentation of their product. A mock presentation will be held on Thursday. The top teams will then pitch their products to VCs and investors on Saturday, and the winners will be announced by the judges.
We accept startups in the domain of
Food & Nutrition
Biotechnology
Healthcare
Agriculture
MedTech
Waste Management
Energy
Benefits to the participants:
Certificate of Participation
Cultivating business acumen
Design thinking for prototype development
Opportunity to win cash prize
Collaborate with peers and industry experts using a range of networking skills
Discover science communication with impact to diverse audiences
Gain project management skills in the context of business planning
Facilitate in testing and validation of your product
Support for ethical approval for clinical trials & IP support
Learn about ethical, legal and health and safety aspects
Streams to access Government Grants
Understand how funding is sourced and managed
Opportunity to pitch in front of eminent angel investors and VCs
Access to astound mentors' panel from domains including Healthcare, Medtech, Business, Finance, Regulatory affairs, Agriculture, and beyond
Benefits for Collaborators:
Bioriidl will conduct an offline workshop on business plan development at your organizations
Special mention of your community/organization on our websites
Access to collaborate with a global network of partners and organizationss
Fundraising opportunitiess
"To collaborate with us please fill in this form:" Collaborate Now
For queries: Apekshakumari Patel | +919967219428 | apekshakumari@somaiya.edu
For partnerships: Bhavna Pandya | +919821554344