CHARLOTTESVILLE, Va. – Southeast BIO, which supports the life science industry across the region, is launching a business plan competition designed to help foster new company growth.

“BIO/Plan represents SEBIO’s commitment to move further back into the company life cycle,” said Rebecca Kaufman, counsel with King & Spalding LLP and chair of the annual SEBIO venture conference. “The opportunity to spur the creation of fundable companies, while bringing the technology transfer and venture capital communities together in the process, is an exciting challenge.”

The BIO/Plan Competition will match entrepreneurs with mentors in an attempt to build what SEBIO calls “venture-attractive” companies.

The winner will receive an award estimated at $100,000.

How the competition will work:

Investigators/entrepreneurs will first complete a short application outlining their concept and the opportunity.

A selection committee will then choose the best ideas and pair each with a team of mentors to further develop the concept and surround it with a first-class business plan.

The finished plans will be submitted to a panel of experts and a small group of finalists will be selected.

The finalists will present their plans to the investment community at the 2007 SEBIO Investor Forum on Nov. 8, 2007 at the Pinehurst Resort in Pinehurst, NC, and a winner will be chosen.

Deadline to enter is March 15.

For details about the plan, see the SEBIO Web site.