|
The benefits of the BIO/Plan Competition are multifold and advantageous to a number of different groups.
- The Funding Community – Angel and venture groups can anticipate that they will see a steady stream of well formed opportunities emerging out of this effort — opportunities that they can take a direct interest in as they emerge as viable enterprises.
- The Technology Transfer Offices – The TTO's within the universities and research labs throughout the Southeast will see their properties vetted and enhanced considerably through this Program. Ultimately, this will add substantial value to the underlying intellectual property in terms of both validation and specific commercial development strategies that can be adopted and implemented straightaway — properties that they can now invest in internally with greater assurance of success.
- The Inventor/Entrepreneur – These individuals and their technology will receive the early support they need in developing their opportunity to its fullest potential. This includes:
- a 'leg up' on their peers with competing opportunities in this space as their selection for the BIO/Plan Competition provides immediate validation and their participation should produce a highly professional product;
- direct interaction with prospective business mentors/advisors;
- guaranteed interaction with representatives of the local venture community; and
- extensive networking opportunities as the principals from all of the selected and mentored Selected Opportunities will be invited to the annual Investor Forum where they will be participants in the structured networking programs conducted by SEBIO that facilitate on-site, face-to-face interactions with prospective investors who have expressed an interest in their specific opportunity.
|
