Grants and Funding

BioInnovation Institute and Science Prize for Innovation 2021(up to USD25000 to be won plus transport and accommodation to the awards ceremony)

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BioInnovation Institute and Science Prize for Innovation 2021

BioInnovation Institute and Science Prize for Innovation 2021
BioInnovation Institute and Science Prize for Innovation 2021(up to USD25000 to be won plus transport and accommodation to the awards ceremony) 3

About the BioInnovation Institute and Science Prize for Innovation 2021

Through the BioInnovation Institute and Science Prize for Innovation, the editors of Science seek to recognize bold researchers who are asking fundamental questions at the intersection of the life sciences and entrepreneurship. We seek scientists who can show that they have reached across field boundaries with an enthusiasm that combines outstanding basic science with an eye toward application in the marketplace.

EXAMPLES OF ACCEPTED RESEARCHES

Successful applicants might have made significant advances in producing results that were protected as intellectual property and licensed to a commercial entity—for example, proprietary drugs and biologics, diagnostics, therapeutic interventions, health care information technology, or new solutions for biobased production of fuels, chemicals, and foods. We welcome applications from those who take risks to address relevant and exciting questions with creative approaches, even if the outcome may be considered a negative result.

The prize is awarded for outstanding research performed by the applicant as described in a 1,000-word essay.

About the BioInnovation Institute

The BioInnovation Institute foundation (BII) is an international commercial foundation with a nonprofit objective supported by the Novo Nordisk Foundation. BII operates an incubator to accelerate world-class life science innovation that drives the development of new solutions by early life science start-ups for the benefit of people and society.

BII, located in Copenhagen, Denmark, offers start-ups and early-stage projects within health tech, therapeutics and bioindustrials state-of-the-art labs, vibrant office facilities, business development, start-up business incubation, access to high-level mentoring and international networks, plus unique funding opportunities of up to 1.3 million euro per start-up and 2.4 million euro per project.

Since the inauguration of BII in November 2018, BII has awarded 35 million euros to 68 high-growth start-up companies

About Science/AAAS

The American Association for the Advancement of Science (AAAS) is the world’s largest general scientific society, and publisher of the journals, ScienceScience Translational MedicineScience SignalingScience Advances, Science Immunology, and Science Robotics. AAAS was founded in 1848, and includes some 254 affiliated societies and academies of science, serving 10 million individuals. Science, founded by Thomas Edison, has the largest paid circulation of any peer-reviewed general science journal in the world, with an estimated total readership of more than 400,000.

The non-profit AAAS—www.aaas.org—is open to all and fulfills its mission to “advance science and serve society” through initiatives in science policy, international programs, science education, and more. Science‘s editorials, any paper with broad public health significance, and all research articles 12 months after publication are always free. Science‘s daily online news also offers 5 articles a month for free, along with all COVID-19 research. Science further participates in various efforts to provide free access for scientists in the world’s poorest countries.

BioInnovation Institute and Science Prize for Innovation: Prize Details

The prize is presented for outstanding research performed by the applicant as described in a 1,000-word essay.

The Grand Prize Winner Receives:
The Grand Prize winner will be awarded a cash prize of USD 25,000 and will be provided travel and accommodation for the awards ceremony, if applicable.  They will also receive a 5-year digital subscription to Science and have their winning essay published in Science, both in print and online

Runner(s)-Up Receives:
Up to two runner(s)-up will receive USD 10,000 and will be provided travel and accommodation for the awards ceremony, if applicable. They will also receive a 5-year digital subscription to Science and their essay will be published in Science online.

The selected Grand Prize winner and runner(s)-up will have an opportunity to be paired with the business development team for evaluation of their eligibility for any BioInnovation Institute (BII) programs. If eligible, they will receive assistance for submission of a proposal to BII. All processes, rules, and policies related to such programs and all obligations related to selection and granting thereof are the sole responsibility of BII.

All federal, state and local taxes, and any other costs and expenses associated with the receipt or use of the prize are the sole responsibility of the winner.

Rules of Eligibility

Entrants must have finished their Ph.D.-level education within the last 10 years and must hold an M.D., Ph.D., D.V.M., Pharm.D., or combination of these degrees at the time of entry. If the applicant has more than one advanced degree, the 10 years are counted from the date that all degrees were completed in the case of uninterrupted training, such as a dual degree M.D.-Ph.D. program. 

Procedures for Entry to the BioInnovation Institute and Science Prize for Innovation 2021

The science prize entrant must submit the following items:

  • A completed Entry Form.
  • An essay, written by the entrant, that  demonstrates their research as it relays to entrepreneurship. The essay must not exceed 1,000 words  in length.  The applicant must have done or directed all of the work, and it must have been performed in the last 3 years.
  • A one-page letter of recommendation from the entrant’s postdoctoral adviser, supervisor, or other senior colleague who is familiar with their work.
  • A curriculum vitae that includes the following:
    1. Full citations of papers that the entrant has published on the research described in the essay
    2. Academic and professional awards and honors that the entrant has received; and
    3. Relevant professional experience.
  • Copies of two of the entrant’s papers that are most relevant to the essay.

The Entry Form and additional submission materials must be submitted electronically through our prize management system here.

Below is a timeline of the prize selection process. You will be contacted only if there are additional materials or information needed.

July/August/September/October/November 2021: Compilation and Review of Submissions

December 2021/January/February 2022: Selection of Award Winner(s)

April 2022: Announcement of  Award Winner(s)

May 2022: Award Ceremony

Deadline for Entries

November 1, 2021

Judging Procedures

Science editors will screen the essays. A committee of scientists chaired by a Science senior editor, deputy editor, editor, or editor-in-chief, will select winners from the finalists and will decide on the winners.  The essays will be judged on their scientific quality, the clarity and style of writing, and translational potential. Science/AAAS will control both the evaluation process and the announcement of the winners.

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