Best of Biotech (BOB) is an international business plan competition with focus on life sciences, i.e. Biotechnology, Medical technology and related fields. The competition is organized every 1–2 years by LISA (Life Science Austria), a program run by Austria Wirtschaftsservice, the Austrian federal development and financing bank, to promote entrepreneurship in the life science sector. The competition is co-sponsored by private life science and healthcare companies and is organized in partnership with international tech transfer agencies and business incubators.
Since the first contest in 2000, 211 projects teams have participated, 41 companies have been founded and around €170,000 in prize money has been awarded. Among the companies founded are AYOXXA Biosystems, AVIR Green Hills Biotechnology, Oridis Biomed, Protaffin AG and Ugichem.
The contest is divided into two phases: In the first phase