The first Swiss-wide business plan competition, »venture» 98, took place from November 1997 up until June 1998, and about 500 people were actively involved. The associated events were visited by about 3,000 people. Generous financial support was received from numerous people from Swiss business, some of whom also supported the competition as members of the Advisory Boards.
The success of the business plan competition and the positive feedback from all who participated exceeded all expectations of the initiators. 215 business ideas were submitted, and in Phase 2, 87 business plans were handed in.