Edinburgh BioQuarter Innovation Competition 2015 – entry form
1. ENRANT DETAILS
Institution and Department
Name of Entrant & Contact Details
2. WHICH CATEGORY
ARE YOU
ENTERING?
(please tick one)
New business idea
Product or service concept
3. THE PROJECT
Title of Idea/Concept
Brief Description of the Idea/Concept (Max 50 words)
Brief Description of the Commercial Opportunity
What market/unmet need are you seeking to address?
What is your idea? What does it do?(Max 100 words)
What is the novelty/competitive advantage of your proposal
compared to the competition. What is the current
norm/what’s already available?
What advantages does your product give the customer?(Max 100
words)
Who are your target customer(s)?
Who will use it and why?(Max 50 words)
What is the size of the market opportunity?
How much money do you think your idea will generate/save?
How long do you think it will take to get your
technology/product to the market?
How do you forsee using the prize money to progress your
idea (ie. What advice and support would you need?)
4. INTELLECTUAL
PROPERTY
Is there any existing, or would there potentially be any
new, intellectual property associated with the proposal
(such as patents, design rights, copyright, etc)
What is the core uniqueness of your idea? Is the concept novel and
inventive (patentable)? How will you generate exclusivity? Will you
require a licence/permission (freedom to operate) from others?
Enter the Competition
Before entering this competition, please take a few moments to read about the
Competition process and terms and conditions and tick the box below to confirm you
have read and understood them.
The Innovation Competition Process – How to enter
Those wishing to enter the BioQuarter Innovation Competition 2015 should
download and complete the application form, or submit the form via this website.
We are looking for creative thinking and new ideas in either the Best new business
category or the Best high-quality product or service concept category.
We want the best new business ideas as well as concepts for medical products or
services related to human or animal medicine that will deliver a real benefit to
patients.
The most successful entries will be highly creative concepts that can be turned into a
company or be developed by existing successful businesses.
Your idea could be anything: it could be an e-health application, such as a patient
monitor for smart phones, an idea for a new drug, a diagnostic tool, a piece of
software, or a chemical or biological application.
A series of Innovation Competition Roadshows will be held in various locations within
University of Edinburgh and NHS Lothian premises from January to March to enable
you to learn more. At these road shows you’ll have the chance to ask questions and
get more information about the Competitions and how to ‘’pitch’ your entry idea from
the BioQuarter internal team and competition sponsors.
The top eight entries, as determined by the BioQuarter internal team, will be selected
as finalists in April 2015. There will be five finalists in the New Business Ideas
category and three in the Product or Service Category.
The finalists will then be asked to undertake a ‘Dragon's Den’ style closed-doors
presentation in May to a judging panel comprised of our sponsors, and
representatives from the BioQuarter. The finalists will be mentored by members of
the BioQuarter internal team ahead of these presentations.
The overall winners of the competition will be announced, and all prizes presented,
at an awards ceremony in central Edinburgh in June 2015.
Innovation Competition Rules
BioQuarter terms and conditions:
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The grand prize of up to £10,000 plus £10,000 worth of expert advice from a
business advisor, and runner up prize of £5,000 will be awarded to support
the development of new business ideas. Funds are eligible to go towards the
provision of customised business and technical advice which can include
technical assessment/development work; market assessments; business
planning; legal fees; fund raising and other advice to support the development
of the idea
 BioQuarter reserves the right to change total prize money
 BioQuarter, under the terms of the funding, cannot give the
money directly to academic groups or individuals.
 If entries to do not meet the required standards, BioQuarter
reserves the right to not award a prize(s) at all
The prizes of £5,000 and £3,000 for best high quality product and service
concept must also be used to further develop your business concept.
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All monies will be retained by Edinburgh BioQuarter who will pay for the
advice on your behalf.
All prizes should be claimed by 14 September 2015. Failure to claim a prize
by this date may result in that prize being declared null and void.
Prizes will be spent in agreement with a member of the BioQuarter Business
Creation Team.
Prizes from sponsors
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Winner in each category will each receive an IP consultation package from
Marks & Clerk LLP. Further details regarding this package will be provided at
the Awards ceremony.
The winner of the most viable business creation prospect will receive
corporate legal services from MBM Commercial worth £1,500 over 24 months
(see conditions below) and advisory, accountancy and/or tax services from
Springfords worth £1,500 over 24 months (see conditions below).
The winner of the best high-quality produce and service concept will each
receive £750 worth of legal services from MBM Commercial and £750 worth
of advisory, accountancy and/or tax services from Springfords. Both of these
prizes will also be subject to the terms and conditions outlined below.
Conditions for BioQuarter Innovation Competition from MBM Commercial and
Springfords:
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The winning businesses will need to clear standard money laundering checks
Standard engagement letters must be signed by the prize winners
Services are to be taken up within 24 months of the date of winning the award
The value of services will be determined by the value of time recorded on the
work in progress ledger by staff at their normal hourly charge out rates
Both parties will agree the timing of services in advance of work being carried
out to ensure staff availability
Sponsors will notify prize winners if services are approaching the prize limit
and both parties will agree in advance the costs of any further work to be
carried out - these additional costs must be paid for in accordance with their
normal credit terms
Entries must be submitted to Lorraine Jackson at Lorraine.Jackson@bioquarter.com
no later than midnight on Friday 10 April 2015.
Please tick this box to say you have read and understood the above terms and
conditions: