The Action Lab competition is organised by the BE-Basic Business and Innovation Centre (BE-BIC). Five teams of researchers participate on the Action Lab and followed an extensive program to work out their product development plans. The winning team will receive a money prize of €20.000,- to help finance their ideas. Two other teams will win an Incentive Prize of €10.000,-.

The Action Lab award ceremony will take place at the Van der Valk hotel in Leusden and is part of the BE-BIC valorisation activities of BE-Basic Foundation, aimed at researchers and scientists who want to explore the business side of developing the biobased economy. The Action Lab program hosted two 2-day workshops with additional training from June until September 2015, by business coaches Hans Le Fever and Math Kohnen.