About The Biotechnology Young Entrepreneur Award
The Biotechnology Young Entrepreneur Award (BYE) is a program aimed at fostering entrepreneurship among graduate and postgraduate students in the field of Biotechnology. Organized annually along with a workshop, this initiative encourages students to develop business plans based on bioscience ideas and promotes the commercialization of these concepts.
Objectives of this scholarships
- Promoting commercialization of bioscience ideas.
- To Encourage students to develop biotechnology entrepreneurship skills.
- To Provide support for establishing start-ups in the biotechnology sector.
Full Overview Of Biotechnology Young Entrepreneur Award
| Particulars | Details |
|---|---|
| Scholarships Name | Biotechnology Young Entrepreneur Award (BYE) |
| Covering Region | Kerala |
| Launched By | Kerala State Council for Science, Technology, and Environment (KSCSTE) |
| Objective | Promoting commercialization of bioscience ideas among graduate/postgraduate students in Kerala |
| Beneficiary | Postgraduate students, doctoral candidates, B.E./B.Tech. students in Biotechnology or related fields |
| Scholarship Amount | ₹1,00,000 (First prize), ₹50,000 (Second prize), ₹25,000 (Third prize) |
| Mode Of Application | Online/offline |
| Last Date Of Application | 31st January 2023 |
| Official Website | https://kscste.kerala.gov.in/ |
Important Dates
- Application Deadline: 31st January 2023
- Applications invited twice yearly in January and June.
Eligibility criteria
- Students pursuing post-graduate programs, doctoral degrees, B.E. or B.Tech. in Biotechnology or related life sciences from universities/institutes in Kerala.
- Teams should consist of five students, with at least three members having a background in life sciences.
- Proposals should be in core areas of biotechnology.
Selection Procedure
- Concept proposals are evaluated by an expert panel.
- Shortlisted teams attend a 3-4 day entrepreneurship workshop.
- Teams develop a business plan based on their concept within three weeks.
- Presentation to a panel of experts for evaluation, identifying winning teams
Scholarship Amounts & benefits
| Prize | Amount |
|---|---|
| First Prize | ₹1,00,000 |
| Second Prize | ₹50,000 |
| Third Prize | ₹25,000 |
After the evaluation and recommendation by an Expert Committee, the awardees of the entrepreneurship competition will be encouraged to establish start-ups. This encouragement will be provided through facilitation and support services. These services may include:
- Mentorship: Connecting awardees with experienced mentors who can provide guidance and support in various aspects of starting and running a business.
- Networking Opportunities: Providing access to networks of investors, industry professionals, and other entrepreneurs, facilitating potential partnerships and collaborations.
- Financial Support: Assisting awardees in securing funding through grants, loans, or investment opportunities to help launch and grow their start-ups.
- Infrastructure Support: Providing access to shared office spaces, laboratories, equipment, and other necessary resources to support the development and growth of their businesses.
- Regulatory Assistance: Offering guidance and support in navigating regulatory requirements and procedures related to setting up and operating a business in the biotechnology sector.
- Market Access: Assisting awardees in accessing markets for their products or services, both domestically and internationally, through market research, business development, and promotional activities.
Required Documents
- Identity proof of applicants
- Endorsement certificate
- Educational certificates
- Proposed Business Plan
- Summary of proposed research work
- Consent letter
- Certificate from head of the institution
How to apply
- Click on the ‘Apply Now‘ button on the official website.
- Register and fill in required details.
- Download the application form and fill it.
- Send the filled form along with required documents to the provided address.
- The applications are to be submitted online when notified.
- The applicants should form a team of five students.
- At least three members in the team of five should be with Life Science background and other members can be from disciplines other than life sciences/Biotechnology. The individual team member may or may not be from the same Institute / University.
- Each team should submit only one entry. A participant can be a member of only one team. Each team has to nominate a member as the team leader and may identify a mentor as guide.
- The Proposals need to be submitted in the core areas of biotechnology which include:Agriculture, Aquaculture, Bio-energy, Biologicals and Applications, Bioprocess Engineering, Biosensors, Drug discovery & Development, Environment, Food, Medical Diagnostics/Devices, Nanobiology/Nanobiotechnology, Nutraceuticals, Vaccines andother related areas. The proposals could be either for a product, service or an application.
Contact Details
Advisor, Kerala Biotechnology Commission
Kerala State Council for Science, Technology and Environment (KSCSTE)
Sasthra Bhavan, Pattom, Thiruvananthapuram – 695 004
Telephone: (0471) 2548406, 2548259
Email: kbc.kscste@kerala.gov.in