Source: Science4Life e.V. office, August 25, 2022
The Science4Life business plan competition starts with the idea phase into the 25th competition round. Also for the anniversary, high-tech start-ups from life sciences, chemistry and energy will be accompanied in all phases of the foundation. Business ideas can be submitted online until October 21, 2022.
On September 1, 2022, the new competition round of the Science4Life business plan competition will start with the idea phase. Founder teams from life sciences and chemistry can submit their idea to the Science4Life Venture Cup, energy start-ups to the Science4Life Energy Cup. In the 25th round of the competition, participating teams have access to online seminars, events, networking contacts and industry experts from more than 200 companies and the chance to win a total of 85,000 euros in prize money as well as individual coaching sessions as part of the Science4Life Academy. Teams can register now at www.science4life.de and submit their idea outline online by October 21, 2022. Each submission will receive a detailed evaluation by industry experts; the best teams will receive a day of individual coaching at Academy Day and work with experts to identify the strengths, weaknesses and future of their business model.
Three competition phases for tailored support
To best address the individual questions and requirements of startups at each stage of their formation, the business plan competition is divided into three phases: In the first phase of the competition, the idea phase, the business idea and its market potential are closely examined. This enables teams to identify opportunities early on and adapt their strategy accordingly. In the subsequent concept phase, the business model is developed and fine-tuned together with experts. In the final phase, start-ups plan their concrete go-to-market in detail, in the form of a business plan or read deck. Interested parties and founders can join in at any phase or participate in all phases.
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