Virginia Biotechnology Association

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Apply For LeClair Ryan SCOUT Awards For Emerging Companies

LeClairRyan is accepting nominations for the 2011 SCOUT (Startup Companies Originating Unique Technology) award.  The award is designed to recognize and assist an entrepreneur or emerging business with high growth potential.  The recipient may receive up to $15,000 in complimentary legal services over a twelve month period.

In order to be eligible for consideration, applicants must have a commercially-viable business model based on proprietary technology or innovations.  A cogent business plan demonstrating high growth potential is required.  Companies seeking or preparing to seek angel or venture capital financing are eligible.

Details on the submission process can be found at www.leclairryan.com.  Submissions will be accepted until November 1, 2010.  The winner will be determined by the leadership team of LeClairRyan’s Venture Capital Practice, along with outside assistance, and will be announced on December 1, 2010.

Last year’s winner, Abokia, Inc., is an early-stage company in the business of developing and licensing massively accelerated biocomputing software solutions.  Abokia’s software products and software as a service (SaaS) solutions provide tools for the pharmaceutical, biotechnological, therapeutic, biofuel, biomanufacturing, and personalized genomic industry verticals.