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JOIN THE COMPETITION

Have a promising business idea?
>>venture>> can connect you to the people and resources you need. Below, you can learn more about the competition process and what's at stake.  

The 2022 edition is now open for submissions.
The deadline for submission is March 3, 2022.

Download our E-book to find out how you can put together a winning business case.
Venture startup competition networking
Do you have an idea in one of the following 5 industry verticals?
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Finance
& Insurance
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Health &
Nutrition
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ICT
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Industrials &
Engineering
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Retail &
Consumer Services
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HOW IT WORKS

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Calling all entrepreneurs! If you're ready to launch a startup in one of five sectors – health care & nutrition, industrials & engineering, retail & consumer services, ICT or finance & insurance – you can register for the 2022 edition of >>venture>>. Here you can find the guidelines for crafting the ultimate business case. We will send you invitations to helpful workshops where you can make connections and polish your application. The deadline to submit is March 3, 2022!

Do you have an idea in one of the following 5 industry verticals?

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Once the applications are in, our team of experts pores over the business case in search of the ten most compelling startup ideas in each of the five verticals. All applicants will receive personalized feedback.

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Make it to the top 10 this round in your vertical and you'll get your own mentor(s) and the chance to be selected for participation in the Audience Award.

All finalists can take advantage of our pitch training sessions with McKinsey & Company and investors. Learn more about the pitch trainers who helped our entrepreneurs last edition.

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The 50 finalists will have the chance to pitch their idea to an industry specialist jury consisting of seasoned investors and entrepreneurs. Jurors then select 15 winners– three teams per vertical – to advance to the final round and compete for the grand prize of CHF 100,000.

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Top 15 - Final pitch and award ceremony

It's a day of high stakes and suspense: both the final pitch and the award ceremony take place on the same day. First there's the ranking round: five industry-specific juries consisting of members of the >>venture>> Advisory Board meet and rank the finalists in each category. The first, second and third place winners take home prizes of CHF 50,000, CHF 20,000 and CHF 10,000, respectively. The five first-place winners then go head-to-head and pitch to the entire Advisory Board for a chance to win an additional CHF 100,000.

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Ready to venture forward?

Who can apply to the >>venture>> competition?


The >>venture>> competition welcomes applications from anyone who has an innovative business idea and plans to set up a company in Switzerland or has already done so. Every startup team needs to have a minimum of one person 18 years of age or older and one person who is a resident of Switzerland. If you have a registered company, it shouldn’t have been registered before January 1, 2020. If this isn’t your case please contact us at office@venture.ch and we will review your specific situation.




When can I submit my application for the 2022 competition?


Applications will be accepted from October 1, 2021 to the submission deadline on March 3, 2022




Is it possible to modify my business case after submitting it?


You can modify your business case anytime until the application deadline. After that, your application will be "frozen." If you are invited to pitch in the finals, you are free to update your presentation for the pitch.




What are the formal requirements for the business case/project dossier?


Once you register, we will provide you with clear content guidelines for your submission. The final business case must be written in English, should have no more than 20 pages and must be uploaded as a PDF.




How is the prize money distributed amongst the winners?


We offer a total of CHF 510,000 every year to our winners, which is distributed as follows: 1st place per vertical: CHF 50,000 2nd place per vertical: CHF 20,000 3rd place per vertical: CHF 10,000 Grand prize winner: CHF 100,000 in addition to the CHF 50,000 from their 1st place prize within their respective vertical. Audience Award winner: CHF 10,000




Will I receive a mentor or coach if I participate?


Only the finalists – that is, the participants selected as having one of the top ten projects within their respective verticals – will be granted access to our network of mentors. Finalists are then free to contact the mentors of their choosing for an introductory meeting. If both parties agree, they can individually decide on the terms that will govern their work together.




Is participation in the kickoff workshop mandatory?


No, but it is highly recommended, as you will have the opportunity to meet with investors, industry experts and the >>venture>> team.




How can I obtain a free intellectual property (IP) voucher from the IPI?


During our open competition season, (please refer to our homepage for valid dates) >>venture>> provides our competition participants, with an approved business case submission, with a free Assisted Patent Search voucher. To redeem, kindly submit your business case on our website and send us an email with your voucher request. Once your project is approved for submission, someone from our >>venture>> team will be in touch shortly with more information. About the Assisted Patent Search voucher: if you have an idea or an invention and are wondering if you can patent it, the Assisted Patent Search voucher, valued at CHF 300 will help you to find out. You can take advantage of the knowledge of a patent expert in your specialist field over the course of half a day with the IPI in Bern. He or she will provide you with information on patents and patenting and search together with you in public patent databases.




My business idea doesn't fit into one of the five verticals (Health & Nutrition, Industrials & Engineering, ICT, Finance & Insurance or Retail & Consumer Services). Can I still apply?


If you have any questions regarding the verticals, feel free to contact us at office@venture.ch or +41 (0) 43 366 99 22. We can advise you as to which category is the best fit for your business idea.




I have participated in the >>venture>> competition before. Can I participate again?


If you want to re-submit the same business case, you may do so if the business case was not selected as a winner. If you want to enter the competition with a different business case, you are welcome to participate as many times as you like. You may also submit more than one business case per competition. If you participated in 2018 or before, you would have formed part of either the business idea or business plan track in the competition. If you are a previous business idea track participant, you may re-enter the competition, regardless of your winning status. If you are a previous business plan track winner, you are not allowed to submit the same business case. If you are a previous business plan track participant and were not selected as a finalist or winner, you may enter the competition with the same business case.




Do participants receive feedback on their submissions?


Yes, you will receive detailed feedback at all stages except the final round with the Advisory Board.




Does the whole team have to be present at the pitch session?


We recommend that the entire team attends. However, you can choose to have your team represented by one person only.




How are the 50 finalists selected?


Our team of carefully selected jurors, composed of industry and startup experts, reviews your submission and grades it according to a scale. Projects with the highest overall grades are selected to enter the next round.




Is the data I submit to >>venture>> confidential?


We take confidentiality very seriously at >>venture>>. All jurors, Advisory Board members and mentors sign a confidentiality agreement.




Can I submit models or prototypes as part of my application?


No. We can only accept PDF documents. If you have a functioning prototype, we invite you to embed of a video of it in your submission.




How is the prize money disbursed?


Winners will receive a lump sum payment within a month of the award ceremony. The funds will be transferred to your company's bank account (or your personal bank account, if the company has not been set up yet).




Are there any restrictions on how the prize money can be used?


No. We advise winners to spend their prize money wisely on the development of their startup.




How is >>venture>> funded?


>>venture>> is funded through the >>venture>> foundation by the organizers and sponsoring companies represented on the Advisory Board. Learn more about >>venture>> in our ABOUT page.





FAQ's

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