At the closing event on 22 June 2004 there was double victory celebration. Because of the high quality of the five finalists’ projects the Advisory Board decided to award first prize to two teams. Thanks to a generous supplement from Swiss Re both winners received prize money of CHF 60,000 each.
In the first phase of »venture» 2004 there was a record number of participants: 238 teams had submitted a business idea. The percentage of women submitting ideas was gratifying, though a further increase is desirable.
Not only were the submitted projects innovative, but there were also important new innovations behind the scenes. The “»venture» Online” platform enabled the competition to be run electronically. This not only enables an efficient process, but also an optimal matching of coaches and team candidates.