BioAsia and CCMB join hands to promote Innovation among the young

HYDERABAD, India - Nov. 27, 2013 - PRLog -- The 11^th edition of the event, BioAsia 2014,is slated to be held in Hyderabad from February 17 to 19, 2014at Hyderabad International Convention Centre with the most cogent theme of – ‘Innovate. Evolve’.

The entry for BioAsia Innovation Award 2014 is open to all scientists, students and individuals from member countries of FABA who are interested or are pursuing research in the areas of biotechnology, lifesciences or have created a product or process of utility for the welfare of society from any areas of basic or applied sciences. Ten among the best proposals received would be invited to demonstrate their innovations at the BioAsia 2014 conference venue and the best among them would be awarded the BioAsia Innovation Award together with a cashprize of Rs. 1,00,000.  The award was instituted in the year 2007 and has been successfully organized annual as a part of the event BioAsia. Over 1000 proposals have been received over the years and 11 proposals have been bestowed with the BioAsia Innovation Award for Young Scientists.

Students of 10^th, 11^th, & 12^th classes who have created a product or process of value are eligible to nominate their names for BioAsia Young Minds Award 2014. Top five innovators will be invited to demonstrate their innovations at the BioAsia 2014 conference venue and the best among them will be awarded the BioAsia Young Minds Award and a cash prize of Rs. 50,000

“FABA and BioAsia are committed to promoting market based research and entrepreneurship among scientific community. The BioAsia awards have been offering a platform for young innovators to meet and discuss with the companies and investors for transfer / commercialization of their invention, while helping build linkages with institutions and for upgradation of knowledge. BioAsia 2014 with its theme on innovation makes the Innovation Award even more special this year.,” said Prof. KV Raghavan, Chairman of BioAsia Organizing Committee & former Director, Indian Institute of Chemical Technology.

Awards at BioAsia have been extremely successful in identifying and recognizing young talents, and we are very happy to continue our partnership with BioAsia, which has emerged as one of the leading conventions for showcasing Biotechnology in Asia, stated Dr. N Madhusudhana Rao, Chief Scientist, CCMB.

The entries for both categories will undergo a shortlisting process and the shortlisted proposals will be announced by the end of December for exhibiting their presentation at the BioAsia venue. Some of the factors that are used to evaluate the award include science, innovation, market demand, patentability, cost economics, etc. Winner in each category will be selected by an expert team and the awards will be given away during the Valedictory Ceremony of BioAsia 2014.

Rules for Entry

·   BioAsia Innovation Award: Only participants below the age of 35 years as on 31^st Dec, 2013 is considered eligible for this award.

·   BioAsia Young Minds Award: Only students of class 10^th, 11^th & 12^th can participate.

·   All research work submitted must be the original work of the participant.

·   Each participant should send an Undertaking to effect that the research work sent to the competition is his/her original. The organizers have the right to cancel the award/awards, if found otherwise.

·   The organizers of BioAsia reserve the right to use the accepted entries for publications/exhibitions taken up by BioAsia.

·   The last date for the receipt of the entries is January 10^th, 2014. Entries received after the due date will not be accepted.

·   For further details, contact the BioAsia secretatriat: 040-66446477 / 6577or info@bioasia.in

About BioAsia:BioAsia is born with a vision to enhance, enrich and encourage newer innovations, path-breaking discoveries and effective solutions in the biotechnology industry by offering a vibrant global platform for convergence of the key stakeholders - Biotech & Biopharma Companies, research institutions, academia,  investors, service providers, policy makers, regulators and analysts. BioAsia is focused in its efforts - to drive the growth of the industry by enabling an effective environment for fostering collaborations, JV’s M&A’s; ensure knowledge and experience sharing by global industry players to benefit all stakeholders; promote innovations and initiatives through appropriate awards and recognitions; play a pivotal role in advocating issues to the policy makers and chartering the road-map of bio-technology. BioAsia is a dynamic platform for companies -to exhibit, launch and showcase their unique strengths, products and services. BioAsia is playing the role of a key catalyst in mobilizing all elements that are required to drive the growth of the emerging industry of Biotechnology as well as optimize the immense business potential of biotech. On a larger level, BioAsia is working to drive a global transformation from the treatment of illness to wellness.

About FABA (Federation of Asian Biotech Associations):The Federation of Asian Biotech Associations [FABA], is a non-profit registered society engaged in various activities related to promoting Biotechnology in Asian countries. FABA, headquartered at Hyderabad made its humble beginning in 2004 and has achieved a significant landmark in creating a common platform for interaction among member countries and discuss the issues of common interest for improving the biotech space including Technology Transfer, resource sharing, business collaborations, Industry-Academia linkage, cross border trade and investments, etc. among its member countries., FABA has a strong network base in 20 Asian countries including China, India, Bangladesh, Malaysia, Philippines, Russia, Kazakhstan, Pakistan, Israel, Iran, Indonesia, Nepal, Japan, South Korea, Singapore, Thailand, Sri Lanka and UAE. Besides, FABA has entered into working understandings with Non-Asian organizations like European Federation of Biotechnology, Biocat (Spain), Maryland India Business Round Table (USA), Bio Industry Park (Italy) and Association of German Biotech companies (Germany), etc.

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