Science4Life is a German initiative to support founders of start-up companies in the field of Life Sciences and Chemistry. This initiative is supported by the Government of the State of Hesse and by the global healthcare leader Sanofi. For fourteen years the mission of the Science4Life team has been to bring new ideas to entrepreneurial success. Science4Life is focused on the annual business plan competition specialized in Life Sciences and Chemistry – the Science4Life Venture Cup. The initiative is based on the concept of bringing young entrepreneurs into contact with professionals of the Life Sciences expert-network to give them opportunities to exchange information as well as experiences and to give them a head start when founding new start-up companies. The main objective is the creation of new companies, which will have sustained economic success.
More than 230 expert advisers from over 160 institutions are supporting the initiative by acting as coaches. The spectrum of partners covers all areas that are essential for new innovative entrepreneurs on their way to establish a new company. It covers experts such as lawyers, consultants and managing directors of biotech companies, as well as renowned researchers from academia and from the pharmaceutical industry. The exchange of information with these experienced professionals helps to highlight potential problems at an early stage and to find solutions to them. Both partners benefit from these early contacts. The participants get easy access to economic, scientific and legal information. The coaches meet people who are on the cutting edge of science and get a feeling for the newest trends in the field.