Once the selection process is complete, each of the 10 or so Selected Opportunities will be assigned a Mentoring Team consisting of a minimum of three individuals, one each from the following three groups:
- an individual from an active venture fund or angel group;
- an individual from the broader community of experienced biotech/life sciences entrepreneurs or technology commercialization specialists; and
- an individual from one of the regional service providers (law firms, accounting firms, consulting firms, etc.) with specifically relevant asset development expertise that will be germane to the particular opportunity.
A Team Leader will be identified and a period of interaction between the Principals of the Selected Opportunity and their assigned Mentoring Team will commence immediately. Primary responsibility for initiating and organizing all interactions between the Mentors and the Principal(s) will reside with the Principal(s) who is/are being mentored. The Mentoring Team’s specific role will be to provide guidance on matters such as: proof-of-concept studies, if any, that will establish the commercial relevance and viability of the underlying technology; strategies for commercial exploitation of the technology and associated opportunity; where appropriate, configuration of a viable enterprise; funding strategies and the development of a value proposition that will resonate with the targeted funding sources or corporate partner; analytical mechanisms and presentations that will help differentiate the opportunity; sources of relevant background and competitive information; and the content and structure of the work product for this interaction, a written development plan. The actual interaction between the Principal(s) and the Mentors will take a form that is most efficient and comfortable for the entire group; that is, conference calls, electronic interaction, face-to-face meetings, etc., will be at the discretion of the Team Members. This mentoring period will last approximately 4-6 months over which time the interaction should produce the final product — a development strategy and associated plan that will serve as the basis for the launch of a new enterprise or promotion of a significant licensing agreement. Primary responsibility for actually writing the development plan and crafting all other materials (e.g., the PowerPoint presentation for use at the Investor Forum) rests with the Principal(s) of the Selected Opportunity.
SE Bio/Plan Competition Home
Detailed Program Description
Benefits of Participation
Ideal Candidate
Application & Selection Process
Mentoring Process
Final Judging & Competition Format
SE BIO/Plan Competition Flyer
SE BIO/Plan Competition Flyer: Why Apply?
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