frequentlyaskedquestions
FAQs
How do I enter? Teams may enter by completing the online application form for either the Open stream or the Structured stream. One member of each team must complete the form and include a publishable one-line pitch (for the Open stream). Teams are welcome to enter either the Open and/or the Structured stream. The application form must be submitted by Sunday the 18th February 2018 (23:59 GMT).
What are the key dates of the competition? 1st December 2017: PanaceaStars applications open
23rd-25th January 2018: Formal info sessions (locations TBA)
February 2018: International mini-accelerators (several dates & locations TBA)
February 2018: Casual pub info sessions (several dates & locations TBA)
18th February 2018: Application deadline
25th February 2018: Accepted applications announced
24th March 2018: Meet & greet opening session
27th-30th April 2018: Boot Camp Weekend (at the University of Oxford)
25th May 2018: Pitching practice (at the University of Oxford)
27th May 2018: Business plan submission deadline
June 2018: Grand Finale (date & location TBA)
Is there an entry fee? There is no charge for participating in PanaceaStars. However, additional costs may be incurred through participation, for example to cover travel and/or accommodation expenses to/from Oxford. Teams are strongly encouraged to apply for financial support from their home institutions/organisations if necessary.
FAQs
Who is eligible to participate? The competition is open to students, academics, industry professionals and other aspiring entrepreneurs with the relevant skill set. We welcome applications from individuals or teams. Each team must meet the following criteria: i) Include at least one member who is under the age of 35 years at the close of applications and ii) Be composed of no more than 6 members in total. There are no other restrictions in place.
Is it obligatory to join a mini-accelerator prior to applying to PanaceaStars? Not at all. Our mini-accelerators will primarily be held internationally to attract and assess international talent. Short-listed teams from the mini-accelerators are guaranteed a fast track into the accelerator in Oxford.
What if I don’t have a team? You can still apply if you have an idea for a business but do not have a team yet. Info sessions will be organised prior to the application deadline to enable you to either recruit other entrepreneurs to broaden your existing team’s skill set or to look for a team to build or join.
What types of ideas are welcome? All Deep Science ideas within our three BioStars, AIStars and TEMStars themes are welcome.
How developed must the business be? Submissions at all stages of development are welcome (that includes businesses that are at a nascent stage to more advanced projects with filed IP).
What if I don’t have an idea, can I still participate? If you meet our entry requirements for the Structured Stream, YES of course! We will also help you find suitable partners at the info sessions!
FAQs
Is there any benefit to submitting before the deadline? Applicants are encouraged to apply at their earliest convenience, as applications will be reviewed as they are received. Time permitting; you may have an opportunity to receive feedback to improve your application.
How long will it take before the winning ideas are chosen? The finalists will be selected in June and the winner will be announced during the Finals Gala at the University of Oxford..
What can I do with the prize? Can I keep the money for myself? The prize money awarded to the whole team and is meant to develop the business and must be used solely for that purpose.
What is the prize? The winner receives £30 000 in non-dilutive funding, which must be used by the winning team to develop their idea to the next stage. The competition aims to assist the development and future success of all aspiring bio-entrepreneurs. All accepted applications would therefore receive extensive mentoring and ample opportunities to interact with leading industrial executives, investors and experienced entrepreneurs, as well as specialist professionals.
Can I submit an idea for a business that has already received funding? There are no restrictions in place regarding amount of funding received. We actively encourage participants to seek additional sources of funding throughout the competition and beyond.
for enquiries please get in touch
FAQs
How do I enter? Teams may enter by completing the online application form for either the Open stream or the Structured stream. One member of each team must complete the form and include a publishable one-line pitch (for the Open stream). Teams are welcome to enter either the Open and/or the Structured stream. The application form must be submitted by Sunday the 18th February 2018 (23:59 GMT).
What are the key dates of the competition? 1st December 2017: PanaceaStars applications open
23rd-25th January 2018: Formal info sessions (locations TBA)
February 2018: International mini-accelerators (several dates & locations TBA)
February 2018: Casual pub info sessions (several dates & locations TBA)
18th February 2018: Application deadline
25th February 2018: Accepted applications announced
24th March 2018: Meet & greet opening session
27th-30th April 2018: Boot Camp Weekend (at the University of Oxford)
25th May 2018: Pitching practice (at the University of Oxford)
27th May 2018: Business plan submission deadline
June 2018: Grand Finale (date & location TBA)
Is there an entry fee? There is no charge for participating in PanaceaStars. However, additional costs may be incurred through participation, for example to cover travel and/or accommodation expenses to/from Oxford. Teams are strongly encouraged to apply for financial support from their home institutions/organisations if necessary.
FAQs
Who is eligible to participate? The competition is open to students, academics, industry professionals and other aspiring entrepreneurs with the relevant skill set. We welcome applications from individuals or teams. Each team must meet the following criteria: i) Include at least one member who is under the age of 35 years at the close of applications and ii) Be composed of no more than 6 members in total. There are no other restrictions in place.
Is it obligatory to join a mini-accelerator prior to applying to PanaceaStars? Not at all. Our mini-accelerators will primarily be held internationally to attract and assess international talent. Short-listed teams from the mini-accelerators are guaranteed a fast track into the accelerator in Oxford.
What if I don’t have a team? You can still apply if you have an idea for a business but do not have a team yet. Info sessions will be organised prior to the application deadline to enable you to either recruit other entrepreneurs to broaden your existing team’s skill set or to look for a team to build or join.
What types of ideas are welcome? All Deep Science ideas within our three BioStars, AIStars and TEMStars themes are welcome.
How developed must the business be? Submissions at all stages of development are welcome (that includes businesses that are at a nascent stage to more advanced projects with filed IP).
What if I don’t have an idea, can I still participate? If you meet our entry requirements for the Structured Stream, YES of course! We will also help you find suitable partners at the info sessions!
FAQs
Is there any benefit to submitting before the deadline? Applicants are encouraged to apply at their earliest convenience, as applications will be reviewed as they are received. Time permitting; you may have an opportunity to receive feedback to improve your application.
How long will it take before the winning ideas are chosen? The finalists will be selected in June and the winner will be announced during the Finals Gala at the University of Oxford..
What can I do with the prize? Can I keep the money for myself? The prize money awarded to the whole team and is meant to develop the business and must be used solely for that purpose.
What is the prize? The winner receives £30 000 in non-dilutive funding, which must be used by the winning team to develop their idea to the next stage. The competition aims to assist the development and future success of all aspiring bio-entrepreneurs. All accepted applications would therefore receive extensive mentoring and ample opportunities to interact with leading industrial executives, investors and experienced entrepreneurs, as well as specialist professionals.
Can I submit an idea for a business that has already received funding? There are no restrictions in place regarding amount of funding received. We actively encourage participants to seek additional sources of funding throughout the competition and beyond.
FAQs
Will I get paid? Yes, the sci-entrepreneurs leading the projects receive a salary and benefits that are within the same range as a post-doc salary in London. On top of that, upon incorporation, the sci-entrepreneurs will receive a significant proportion of the equity of the company.
How are teams formed? During our first bootcamp event in Oxford, we bring all the short-listed applicants together for some networking events. We then use matchmaking and speed-dating activities to ensure that everyone gets a chance to interact with each other and that we form the best possible teams.
What happens after the competition? At the end of the Accelerator competition, the board of Panacea Stars, the academic mentors, and the industrial partners decide which teams are to be enrolled into the development part of the program. Those teams then receive grant funding, lab space, and an academic affiliation in order to start developing their ideas.
FAQs
How long is the funding for? The goal of the project is to efficiently develop a potential company or IP. To this end, we monitor the projects closely and we have an end-of-first-year review where we decide upon whether the project will be funded for a second year. However, the funding is guaranteed for at least a one-year period unless dramatic circumstances are encountered.
What happens at the end of the project? The outcome of the project at the end of the two-year period depends on the progress that has been made and the future potential. Possible outcomes range from spinning out, incorporating, or extending the project development phase further.
How do I apply? You can apply for each individual project by clicking the “apply now” button on the project page. You simply need to fill in the application form and send it our way.
FAQs
Who is eligible? Applicants should hold a PhD degree or be close to completion, and should have some relevant expertise in the field of the projects they are applying for. Business or industrial experience is appreciated but in no way necessary.
Where will the project take place? Following the competition, the successful projects will be hosted at the Oxford science park, where they will be given lab space for the 2-year duration of the project.
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