Best of Biotech is an international competition for the best business plan in the field of biotechnology, which is supported by Austria Wirtschaftsservice.

The competition has been held event two years since 2000 and its aim is to motivate researchers with interesting ideas to become entrepreneurs. Contestants get free access to professional consultants who will help them to transform their ideas into a high-quality business plan. Since 2000 more than 323 projects from 80 companies have been registered for the competition.

Students, PhD candidates, experienced researchers and even individuals who want their ideas in the field of life sciences applied to the commercial sphere can register. The competition is also open to companies.

The condition for participation is a project in the fields:

  • development of human and veterinary drugs,
  • agricultural biotechnology,
  • applied biotechnology in the chemicals industry,
  • development of medical technologies and instruments,
  • or sequencing methods and bioinformatics.

The winner receives a prize of 15,000 Euros, the second best 10,000 Euros and the third 5,000 Euros. In addition, the amount of 1,000 Euros will be awarded to the best business plan in the field of medical technology and/or an amount of 1,500 Euros for the best of the three business plans.

The official language of the competition is English and participation is free of charge. More about the competition can be found at

The partner for the competition in the Czech Republic is the JIC. If you are thinking of participating, feel free to contact us. We would be happy to answer your questions and in the case of interest we can provide expert consultation regarding your competition project.