FAQs

FAQs – Frequently Asked Questions

  • 1. What is BEST programme and what are its salient features?
  • BEST is an acronym for Biotechnology Entrepreneur Student Teams Programme. BEST is an innovative talent search programme promoted by the Department of Biotechnology (DBT)- Ministry of Science and Technology, Government of India and managed & conducted by The Association for Biotechnology Led Enterprises (ABLE).
  • BEST aims to encourage entrepreneurship in the field of life sciences by identifying student teams and encouraging them to come up with scientific ideas that have commercialization potential.
  • The BEST Programme consists of a ‘Call for Proposals’ that invites concepts from Post graduates, Doctoral Students and BE/BTech students in the field of life sciences from the entire country.
  • The Concepts are screened and 20 teams are shortlisted and invited to a four day residential fully paid for Entrepreneurship Workshop at Bangalore that would impart skills required to start a commercial venture.
  • From the 20 teams, top three teams are identified and awarded attractive cash prizes of Rs. 5 Lakhs, Rs.3 Lakhs and Rs. 2 Lakhs, respectively.

  • 2. Can individuals apply?
  • No. As the name indicates, students have to form teams as the programme is intended to promote team building where members work together towards a common goal.

  • 3. How many members should be in the team?
  • The team should have 5 members.

  • 4. Should we have a Guide/Mentor?
  • A Guide or Mentor is preferable, but not a must. The Guide/Mentor is not a team member and will not be entitled to any privileges that team members are eligible for, including attending entrepreneurship workshop, any reimbursements, prize money, making presentations to the Jury or attending BioInvest, etc.

  • 5. So how can we compete?
  • If you have an idea that has scientific merit and commercialization potential, you need to form a team comprising not more than five members. Discuss extensively among your team mates and evolve a Concept Note that has a scientific basis and sound reasoning in terms of commercialization to be worthy of consideration by the jury. Upload your Concept Note in the prescribed manner in ABLE India’s website www.ableindia.org before the deadline.

  • 6. Should the teams be from the same institution?
  • Student teams may be from the same institution or from different institutions. As this programme is to encourage ventures in Life sciences, students will have to be from the life science streams. However, One third of the team could be from disciplines other than life sciences. The leader of the team will be responsible for communicating with his team members information received from ABLE from time to time.

  • 7. Does the idea have to be absolutely original?
  • No. Existing ideas can be developed, but it will have to be creative and have the potential for commercial application. The aim of the scheme is to identify a potential idea and nurture it through entrepreneurship. However, a novel idea will be given more weightage.

  • 8. Is there any entry fee for the competition?
  • No. There is absolutely no entry fee whatsoever.

  • 9. How can we send these Concept Notes and is there a deadline?
  • The Proposal has to be uploaded in the BEST website. The deadline for uploading the Concept Notes is 18th January 2012, 5.00 pm. Only concept notes submitted online will be accepted. All other modes of submission will be disqualified.

  • 10. Are we required to provide any proof of identity?
  • Yes. Students should upload their photo identity card issued by respective college/institutions with the Concept Note. Teams selected for the Workshop must carry their original student identity card to the Workshop.

  • 11. What is this workshop?
  • The Entrepreneurship workshop will be a four day residential workshop in Bangalore. 20 selected teams will attend this workshop. The workshop will be the real gain for the teams that have participated and been selected to attend.
  • The workshop is intended to strengthen business skills of student scientists to enable them to start a commercial venture. There will be no entry charges for the workshop.
  • The workshop will be conducted by eminent experts and will focus on giving information to the participants as to how to make a business plan, financing options, H R issues, IP and Patenting Strategies, etc.

  • 12. Will the participants be paid travelling expenses to attend the workshop?
  • Yes, 3AC class return fare by regular train will be reimbursed to the invited participants on production of proof of travel. Local transport will be at your own cost.

  • 13. Will boarding and lodging be paid for during the Workshop?
  • Yes. This cost will be borne by the organizers. Cost of telephone, photocopying, printing, laundry, beverages and other personal expenses will not be borne by the organizers and have to be borne by the individual students.

  • 14. When do we have to make the business presentations?
  • The teams will make their 10 minute presentation on the final day of the Workshop.

  • 15. Do we have to bring our own laptops?
  • Yes. Each team should bring at least 1 laptop for the workshop. LCD projector will be provided.

  • 16. Can one member be part of two teams?
  • No, one member has to represent only one team

  • 17. Can a B.Sc student participate?
  • As this program is for post graduates & for PhD Scholars, B. Sc students are not eligible. However, students in an integrated Masters Course and B.E/B.Tech students are eligible.

  • 18. Can a MBBS, B.Pharmacy student participate?
  • Yes.

  • 19. Can a MBA student participate?
  • Yes, as long as two-thirds of the team are life science students.

  • 20. I am employed, but doing part time PhD, am I eligible?
  • No, this program is meant to encourage entrepreneurship. Hence, people who are employed are not eligible.

  • 21. What is the meaning of authenticated ID cards?
  • Authenticated ID cards means the student’s valid ID card given by the College/institution with candidate’s photo and validity of the card should be mentioned. If the validity of the card is not mentioned in the card then a separate letter from the HOD should be attached in the PDF of the identity card

  • 22. We are participants of different colleges, institutions. Whose authorization letter should be produced?
  • Members of different college/institution have to upload authorization letters from their respective colleges/institutions.

  • 23. Who is eligible to make the presentation?
  • The team can nominate any team member to make the presentation. Alternatively team members can jointly make the presentation.

  • 24. Are we expected to show a working model/prototype along of the concept note?
  • Working model/prototype is not mandatory and having one does not qualify for extra marks in the screening process.