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BII & Science Prize for Innovation

Application Deadline: Nov. 1st, 2021

Behind every life-changing solution is an entrepreneurial scientist. A creative mind who proved an idea in the lab and dared to carry it out in the world.

To encourage more scientists to translate their research, BioInnovation Institute (BII) & Science present a new annual award.

Our three winners will have their essays published in Science magazine and will be invited into BII’s entrepreneurial ecosystem. In addition, the Grand Prize winner will receive a prize of USD 25,000, and each runner-up will receive USD 10,000 at a grand award show celebration in Copenhagen, Denmark.

The call for applications has just opened. Click the apply button to submit your 1000 word essay to the editors at Science Magazine.

Eligibility

Entrants must have finished their Ph.D.-level education within the last 10 years and must hold an M.D., Ph.D., D.V.M., Pharm.D., or combination of these degrees at the time of entry. If the applicant has more than one advanced degree, the 10 years are counted from the date that all degrees were completed in the case of uninterrupted training, such as a dual degree M.D.-Ph.D. program. The prize will be awarded annually to one young scientist based on work done in the past 3 years.

The editors of science seek to recognize bold researchers who are asking fundamental questions at the intersection of the life sciences and entrepreneurship. We seek scientists who can show that they have reached across field boundaries with an enthusiasm that has combined outstanding basic science with an eye towards application in the marketplace.

Successful applicants might have made significant advances in producing results that were protected as intellectual property and licensed to a commercial entity – for example, proprietary drugs and biologics, diagnostics, therapeutic interventions, health care information technology, or new solutions to biobased production of fuels, chemicals and foods. We welcome applications from those who take risks to address relevant and exciting questions with creative approaches, even if the outcome may be considered a negative result.

The prize is awarded for outstanding research performed by the applicant as described in a 1,000-word essay.

Benefit

The prize is presented for outstanding research performed by the applicant as described in a 1,000-word essay.

The Grand Prize Winner Receives:
The Grand Prize winner will be awarded a cash prize of USD 25,000, and will be provided travel and accommodation for the awards ceremony, if applicable. They will also receive a 5-year digital subscription to Science, and have their winning essay published in Science, both in print and online.

Runner(s)-Up Receives:
Up to two runner(s)-up will receive USD 10,000, and be provided travel and accommodation for the awards ceremony, if applicable. They will also receive a 5-year digital subscription to Science, and their essay will be published in Science online.

The selected Grand Prize winner and runner(s)-up will have an opportunity to be paired with the business development team for evaluation of their eligibility for any BioInnovation Institute (BII) programs. If eligible, they will receive assistance for submission of a proposal to BII. All processes, rules, and policies related to such programs and all obligations related to selection and granting thereof are the sole responsibility of BII.

Application Procedure

The entrant must submit the following items:

  • A completed Entry Form.
  • An essay, written by the entrant, that demonstrates their research as it relays to entrepreneurship. The essay must not exceed 1,000 words in length. The applicant must have done or directed all of the work, and it must have been performed in the last 3 years.
  • A one-page letter of recommendation from the entrant’s postdoctoral adviser, supervisor, or other senior colleague who is familiar with their work.
  • A curriculum vitae that includes the following:
    1. Full citations of papers that the entrant has published on the research described in the essay
    2. Academic and professional awards and honors that the entrant has received; and
    3. Relevant professional experience.
  • Copies of two of the entrant’s papers that are most relevant to the essay.

The Entry Form and additional submission materials must be submitted electronically through our prize management system here.

Below is a timeline of the prize selection process. You will be contacted only if there are additional materials or information needed.

July/August/September/October/November 2021: Compilation and Review of Submissions

December 2021/January/February 2022: Selection of Award Winner(s)

April 2022: Announcement of Award Winner(s)

2022: Award Ceremony

Official Website: BII & Science Prize for Innovation

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