Sanofi Pasteur Healthcare & Biotechnology Venture Challenge 2012 Finalists Set to Pitch Their Business Plans

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Five teams of MBA Students and healthcare and biotechnology innovators will pitch business commercialization plans for a chance to win over $10,000 in prizes.

2012 Sanofi Pasteur Healthcare and Biotechnology Venture Challenge

6th Annual Sanofi Pasteur Healthcare & Biotechnology Venture Challenge

The 6th annual Sanofi Pasteur Healthcare & Biotechnology Venture Challenge 2012 final pitch event takes place Thursday, December 6th, 8:00 A.M.-2:00 P.M., at the MaRS Discovery District, MaRS Centre South Tower, Suite 100, 101 College Street in Toronto. ventureLAB, York Region’s Innovation Centre, and the Schulich School of Business are presentation partners for this exciting business plan competition. The event partner is MaRS.

This competition is designed to test the real-world applicability of tomorrow’s scientific achievements. It fosters and encourages promising business students and scientists, and develops an appetite for health sciences commercialization in Ontario and strengthens the relationship between these two dynamic communities. The challenge will award the commercialization plans, which are most likely to get healthcare products and services out of labs and into commercial markets. Sponsors include pharmaceutical companies Sanofi Pasteur, Dalton Pharma Services, the Ontario Centres of Excellence [OCE], York Region, The Ontario Research and Innovation Optical Network [ORION] RBC and Bereskin & Parr-Intellectual Property Law lawyers.

The Sanofi Pasteur HVBC challenge brings together health technology, biotechnology and biomedical scientists, researchers and innovators and Schulich MBA students. Each team has been assigned a ventureLAB business mentor- an advisor with extensive experience in commercializing technology. In order to qualify, all teams created and submitted business commercialization plans for the healthcare industry earlier this fall. These plans have been assessed on commercial feasibility, growth potential and risk to this point.

On December 6, at this final live pitch event, the teams are competing for more than $10,000 in prizes. The overall winner will be selected and announced live at this event! And the top three will be awarded cash prizes.

The five MBA Students and Innovator team finalists will pitch their solutions to industry experts live on stage.

The final top three teams will then make their final presentation about their business technology and compete for the grand prize.

Our 2011 winner will also speak about their experience and where they are now!

For the complete agenda visit ventureLAB events.

The prizes

  •          1st prize provided by Sanofi Pasteur - $7,500.00
  •          2nd prize provided by Bereskin & Parr and Ontario Centres of Excellence - $5,000.00
  •          3rd prize provided by Dalton Pharma Services, The Ontario Research and Innovation Optical Network (ORION) and The Royal Bank of Canada - $3,000.00
  •          The winner will also receive an advisory services package from ventureLAB worth over $2,500.

About Sanofi Pasteur

Sanofi Pasteur, the vaccines division of sanofi-aventis Group, is the largest company in the world devoted entirely to human vaccines.

About The Schulich School of Business

The Schulich School of Business in Toronto is ranked among the world’s leading business schools by a number of global surveys. Schulich pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first ever cross-border executive MBA degree, the Kellogg-Schulich Executive MBA. Schulich’s Executive Education Centre provides executive development programs annually to more than 16,000 executives in Canada and abroad.

About ventureLAB

ventureLAB is York Region's non-profit innovation centre for advanced health tech, digital media, ICT, green energy, clean tech and advanced materials & manufacturing entrepreneurs. ventureLAB became the GTA's most northerly centre in the Ontario Network of Excellence [ONE], Ontario’s client-focused, province-wide innovation network in 2011. ventureLAB works locally in York Region to facilitate mentoring, partnering and connecting advice for innovative small to medium sized and start-up entrepreneurs to help turn their great ideas into globally competitive products and services.

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Melissa Weeks

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