GAP GATE COMPETITION
The Innovation Hub and Technology Innovation Agency (TIA) in collaboration with Emory University in Atlanta, Georgia sponsored by Pfizer has the pleasure of bringing the GAP-Biosciences programme for its fifth successful year. GAP-Biosciences is a unique programme that assists scientists and entrepreneurs to pursue commercially viable opportunities for their cutting edge bioscience technologies. This highly successful programme was launched in 2012, reaching the top bioscientists in Gauteng, and culminating in over R2 million seed funding for the top business plans. This year the programme promises to be bigger and better, identifying the most innovative and ground-breaking bioscience technologies and accelerating contestants closer to commercial success.
The GAP-Biosciences programme seeks to address the gap that exists between the prototype stage and commercialization of life science technologies. While scientists thrive in an R&D environment, generally there is a lack of business skills. To address this, GAP-Biosciences seeks to provide essential business skills specifically to these scientists, and is aimed at facilitating the commercialisation of bioscience technologies.
The first component of the programme is a five-day technology entrepreneurship Workshop presented by experienced local industry experts. This workshop presents an overview of business essentials to all individuals willing to establish science and technology-based ventures.
The second component of the programme is the Business Plan Competition segment. Applications are open to individuals/teams with bioscience technologies that are technically sound and beyond proof of concept. During the competition, semi-finalists work with mentors in various fields to develop a bankable business plan over the course of approximately five months. The Business Plan Competition includes the Executive Education Week, an intensive week-long programme run by Emory University’s Goizueta Business School. This programme focuses on subjects unique to bioscience start-up companies by developing behaviours and skills within the teams to drive performance and create long-term value.
At the end of the programme, the semi-finalist teams present their business plans to a panel of selected judges in a closed forum. The winning team will receive the following:
- Incubation at The Innovation Hub’s BioPark@Gauteng or associated incubators in other provinces for a period of one year where all rental and associated costs will be covered, excluding selected operational costs
- Seed fund to be shared across all GAP Categories.
- Mentors with whom they will work as they further develop their business
- Business support (Legal, Intellectual Property, Technical, Commercial, etc.)
The top three (3) teams will receive a seed funding prize and receive incubation at The Innovation Hub’s BioPark including:
- Specialist mentors
- Business support (Legal, IP, Technical, Commercial)
- Office/desk space, connectivity, meeting rooms.
- GAP Biosciences Competition Opens
GAP GATE Competition 2020
Opens: 18 March 2020| Apply Now
Closes: 10 July 2020
Basic Entrepreneurship Training call
Open: 22 March 2020
Closed: 28 May 2020
Basic Entrepreneurship Workshop
29 May 2020
11am - 1pm
Executive Education Training
Submission of Business Plans
Finalist Pitching/ Judging
GAP Awards Ceremony
19 November 2020
Starts January 2021