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2013 PROPEL Business Plan Competition - Application Deadline Aug 4

Wednesday, June 26, 2013  
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The PROPEL Center at the iBIO Institute is pleased to announce the fifth annual PROPEL Business Plan Competition to spotlight the many formation-stage and early-stage life sciences companies of Illinois and the surrounding Midwest. Applicants for this highly selective entrepreneurial competition will compete for a $10,000 cash award. Competition finals will be held on October 2, 2013 at the Chicago Innovation Showcase.


Competitors will be judged on the opportunity of the technology in the market and how clearly and concisely the company articulates its business plan in an executive summary. To determine the finalists, Illinois life sciences community members will assess applications. At the finals, finalists will be judged on a short presentation (plus a limited time for Q&A). The winner will be announced at the Chicago Innovation Showcase.


This competition is not only a chance to win a cash award, but also a terrific opportunity to have your company’s business plan reviewed and commented on by industry professionals. 


The application must be completed and received via e-mail to by Sunday, August 4, 2013. Contact PROPEL at 312.422.1111 x5 or with any questions.


For additional information:

For the application:



A company must meet ALL of the following criteria to apply:

• Main company offices/staff in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio or Wisconsin

• Life sciences company or a current or past PROPEL company

• Pre-revenue stage or revenue of less than $2 million in 2012

• Legal entity formed by July 1, 2013

• The Company is not a previous winner of a PROPEL Business Plan competition 


Important Dates

Application Deadline: Sunday, August 4, 2013

Announcement and Notification of Finalists: Friday, August 30, 2013

PROPEL Business Plan Competition Finals at the Chicago Innovation Showcase: Wednesday, October 2, 2013

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