Southeast BIO Announces First Annual BIO/PLAN Competition Program to Promote New, Venture-Attractive Life Sciences Companies in the Southeast

Southeast BIO (SEBIO), a regional nonprofit organization dedicated to fostering the growth of the Southeast’s life sciences industry, announced today the first annual BIO/Plan Competition. The year-long program has been designed and developed to help promote the creation of new, venture-attractive life science companies based in the Southeast.

Working closely with tech transfer offices and entrepreneurs throughout the region, the competition is seeking to pull opportunities forward from our region’s research universities, research centers and experienced entrepreneurs.

Here is how the BIO/Plan Competition works:

  • Investigators/entrepreneurs will first complete a short application outlining their concept and the opportunity.
  • A selection committee will then choose the best ideas and pair each with a team of mentors to further develop the concept and surround it with a first-class business plan.
  • The finished plans will be submitted to a panel of experts and a small group of finalists will be selected.
  • The finalists will present their plans to the investment community at the 2007 SEBIO Investor Forum on November 8, 2007 at the Pinehurst Resort in Pinehurst, NC, and a winner will be chosen. The winner will be awarded a substantial prize of non-dilutive funds (estimated at $100,000) with which to launch the enterprise and implement their business plan.

Details about the BIO/Plan Competition as well as rules and eligibility requirements can be found on the SEBIO site, www.sebio.org/bioplan. THE DEADLINE TO APPLY IS MARCH 15, 2007!

“BIO/Plan represents SEBIO’s commitment to move further back into the company life cycle,” said Rebecca Kaufman, counsel with King & Spalding LLP and chair of SEBIO. “The opportunity to spur the creation of fundable companies, while bringing the technology transfer and venture capital communities together in the process, is an exciting challenge.”

For additional questions, please contact the BIO/Plan Competition Co-Chairs:

Frank Hunt, bioStrategies – frankrhunt@aol.com
Michael Wasserman, H.I.G. Ventures – mwasserman@higventures.com

About Southeast BIO
Southeast BIO (SEBIO) is a regional nonprofit organization that fosters the growth of the life sciences industry in the Southeastern U.S. through efforts that promote entrepreneurship and bring together companies, investors, universities, and support organizations active in the development of the industry. Today, the Southeast is recognized as one of the fastest growing life sciences regions in the U.S. and home to more than 220 life sciences companies. A public/private partnership formed in 1999, SEBIO is committed to conducting activities that create regional leverage and facilitate the common interests and goals of constituents in the life sciences industry. The geographic footprint of SEBIO presently includes Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. For more information on SEBIO, go to www.sebio.org.

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