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The requirements: business idea and business plan >> More than just prizes to be won >>
Venture 2010 Venture 2010 is an initiative of the ETH Zurich, the innovation promotion agency CTI and McKinsey & Company, Switzerland. The Swiss-wide business plan competition supports young entrepreneurs in founding a company. Venture 2010 – like Venture 1998, 2000, 2002, 2004, 2006 and 2008 – aims to put to use untapped innovation potential by encouraging young entrepreneurs to develop a business idea. A number of renowned companies from Swiss industry and commerce sponsor the competition. Experienced coaches support competition participants in the development of their business idea and the preparation of their business plans and in the search for suitable partners and the necessary capital. Participants also receive feedback from the team of highly qualified jurors. The jurors (approximately 80 people) belong to one of two groups: entrepreneurs, who evaluate the formal and business aspects of an idea, and investors, who evaluate its financial attractiveness. Venture 2010 offers total prize money of over CHF 150,000 for the winning business ideas and business plans. Participants receive additional support in the form of various events, e.g., a series of "Founder Knowledge" seminars as well as special workshops. Comprehensive information material is also on offer, such as the business plan handbook "The New Venture Adventure – Succeed with Professional Business Planning." Venture is addressed to budding entrepreneurs in Switzerland who have innovative business ideas. Participants may enter the competition as individuals or as a team. The Venture business plan competition is independent of venturelab start-up training, founded in 2004, which is a national program of the innovation promotion agency CTI, providing custom training modules to advise students and provide individualized promotion to high-tech start-up projects. The Venture business plan competition is also independent of venture kick, founded in 2007, which is an initiative of private investors who regularly support business ideas with financial awards. Both events can be visited in parallel to Venture 2010.
The requirements: business idea and business plan In the first phase of the competition participants develop and submit a business idea in the form of an Executive Summary, which focuses on customer benefit and on the market. The ten best proposals will be awarded CHF 2,500 each. In the second phase participants prepare and submit their business plans. The authors of the best plans will be invited to present them to the jury. In this phase, the total prize money is at least CHF 125,000; the best presentation will be awarded CHF 60,000.
More than prizes to win In addition to the prize money (CHF 150,000 in total) for the especially successful, Venture 2010 guarantees: Know-how: Venture 2010 provides access to experienced coaches who support you in the preparation of your business idea and your business plan. Connections: Venture 2010 offers you new and valuable contacts to other young entrepreneurs, to venture capitalists and to management personalities from business and research. Recognition: the media will follow Venture 2010 closely. Winning a prize will give your business idea and your future company valuable publicity.
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