As part of the BIG-Cluster project CROSSBEE - Cross-border BioEconomy Education, the Global Biobased Businessplan Competition is not only looking for the next big ideas in bioeconomy, but is a program designed to complement academic education. It was set up to promote and teach entrepreneurship and innovativeness among students across the world and support them in discovering the economic potentials of their scientific work.
Registered teams get to know student teams with bioeconomy business ideas from all participating countries. They learn how to design a business idea, how to summarise their idea in an informative and captivating read deck and how to convince investors with an inspiring pitch. They are getting trained by experienced experts and consultants and have the chance to use this knowledge in the national semi finals and the international final by pitching their business case in front of investors.
The G-BiB takes place in several countries. Student teams of 2-6 Bachelor, Master and/or PhD students from universities and universities of applied science can register for the competition together with a mentor from one of their universities. We encouraged all interested students to establish a team with students from different areas since a business plan requires a multidisciplinary approach.
The challenge is to design a business idea based on the development for a sustainable, bio-renewable product such as biofuels and biomaterials or partial solutions and processes that will support developing those products. For the registration, a business idea is sufficient, the student teams are being supported in designing the business case during the competition. Registration for the competition in 2021/2022 will open in autumn 2021. The exact date will be published here in due time.
During a joint, virtual kick-off event all teams from the participating countries get to know each other. National masterclasses teach the teams in business case designing, writing of a read deck and pitching for investors. After the masterclass the teams write their read deck based on a template during a working phase. During national semi finals the teams pitch their idea in front of a jury and based on the read deck and the pitch the jury announces one winning team per country. The national winners participate in the international final held during the CLIB International Conference 2022 in February 2022, where an international jury announces the winner of the G-BiB 2021/2022. A final award comprised of a certificate, prize money and service will allow the winning team to develop their business idea one step further.
If you are interested in finding out more about the G-BiB, please feel free to contact the international coordinator Katrin Kriebs form CLIB - Cluster industrial biotechnology under firstname.lastname@example.org.
The G-BiB 2020/2021 was organised by Smart Chemistry Park, operated by Turku Science Park in Finland, Cluster industrial biotechnology in Germany, and the THYME project in the UK between Ocotober 2020 and February 2021. Three teams from Finland, Germany and the UK have been chosen to compete in the international final. After nearly half a year of developing their business, taking masterclasses to improve both their business case and their competences to bringing across their message, and being individually mentored by the experts, the international final was held as a virtual event with more than fifty participants ranging from big industry, through venture capitalists to bioeconomy experts from universities and consultancies. The UK-team InsBio was awarded as the winning team by the expert jury under the direction of Stefan Fasbender from the High-Tech Gründerfonds, the Seed Investor in Germany, who sponsored the award of this year’s competition.You can read about all finalists in the official press release here.