Teams must submit an e-mail entry form and executive summary by June 2 to enter the fourth annual Purdue University Life Sciences Business Plan Competition. Online registration is available at the competition Web site

From the entries, 20 semifinalists will be selected by June 26 to submit full business plans. Eight finalists will be chosen from the written business plan phase of the competition. Those teams will make 45-minute presentations to a panel of judges including venture capitalists, scientists, attorneys, accountants and academics.

Teams based at universities and colleges, research and teaching hospitals, and other academic institutions engaged in bioresearch are eligible to enter. While there is no restriction on the number of members on teams, teams should have at least one team member with business experience.

Teams may be fledgling enterprises seeking seed capital or those further along in the commercialisation process, including firms that have received grants, venture capital or equity investments, but entrants can have no third-party intellectual property agreements.

"This competition is top drawer - world-class technology, polished presentations and challenging judges," said Don Blewett, associate director of the entrepreneurship center. "This has become a high-profile annual event that attracts national and international competitors and spotlights Indiana's public-private commitment to the life sciences.; Source: Purdue University