The Biotech Business Plan competition was a four-month training program for startups from Chicagoland that paired industry experts as mentors with each new business and provided coaching on startups’ key business skills such as pitching elevator, the creation and development of business plans, and the longer final pitch. with audio-visual material. The event ended with a competition on July 21 in front of a panel of industry and venture capital judges, with the top three companies competing for cash prizes. The Lake County Chapter of SCORE – a national nonprofit network of volunteer mentors – also provided assistance in the development, review and critique of the business plan component of the program.
“This program initially recruited start-ups in March, all with new biomedical innovations that will hopefully benefit patients and healthcare organizations. The objective was to build on our regional startup training activities in our Helix 51 incubator and the new innovation and research park. “, said the RFU Ronald kaplan, PhD, Executive Vice President for Research. “He also filled a significant gap by assisting these start-ups with essential industry mentorship and exposure in our larger bioscience community of Chicagoland. “
Each team competed for money and prizes, with $ 10,000 to the first place winner, $ 5,000 to the second place winner and $ 3,000 to the third winner. A special price of $ 1,000 went to the best elevator pitch. The winning companies are:
- First place: Prenatal Hope led by CEO Tammy Dorsey, a biomedical engineer, who offers innovative prenatal monitoring devices.
- Second place: Targacell led by CEO / CSO Catherine Phillips, PhD, who is developing a non-invasive stem cell delivery system to repair damaged hearts. Targacell also won the elevator pitch competition.
- Third place: Enzyme-by-Design led by the co-founder and the COO Amanda Schalk, PhD, who is developing a new anticancer therapy based on modified enzymes.
“We were delighted with the high quality of the companies that competed, and the judges, made up of veterans of the bioscience industry, were impressed with the preparation, quality and novelty of these companies. We look forward to seeing their further progression and development, ”said Tom denison, founder and CEO of SmartHealth Activator.
In addition to the cash rewards, the winning companies all received additional prizes consisting of membership services to RFU’s Helix 51 incubator, which offers more than 5,500 square feet of laboratory, office and laboratory space. conference room for startups, start-ups and international companies.
On Rosalind Franklin University
Rosalind Franklin University of Medicine and Science is committed to serving the population through interprofessional training of health and biomedicine professionals and the discovery of knowledge dedicated to improving well-being. The university embodies the spirit of research and excellence modeled by its namesake Dr. Rosalind Franklin, whose photo 51 was crucial in solving the structure of DNA. Recognized for its research in areas such as neuroscience, brain-related diseases, inherited disorders, diabetes, obesity, and gait and balance, RFU encompasses the Chicago Medical School, the College of Health Professions, the College of Pharmacy, School of Graduate and Postdoctoral Studies and Dr. William M. Scholl College of podiatric medicine, and plans are going forward for a nursing college. Learn more at rosalindfranklin.edu.
About SmartHealth Activator
SmartHealth Activator is a non-profit organization that inspires and educates bioentrepreneurs in the Midwest. Its sister company, SmartHealth Catalyzer. accelerates the commercialization of therapeutics, diagnostics and medical devices developed in universities and research hospitals in the Midwest that diagnose, prevent and treat life-threatening diseases. Learn more at smarthealthcatalyzer.com.
THE SOURCE Rosalind Franklin University of Medicine and Science