What is »venture»?
»venture» is an initiative of the ETH Zürich, McKinsey & Company Switzerland, Knecht Holding, the innovation promotion agency Innosuisse, and École Polytechnique Fédérale de Lausanne (EPFL). The leading Swiss-wide startup competition supports young entrepreneurs in founding a company. »venture» 2018 – like previous »venture» editions – aims to get untapped innovation potential implemented by encouraging young entrepreneurs to develop a business idea into a startup company. 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 or the preparation of their business plans and in the search for suitable partners and the necessary capital.
Participants also receive feedback from a team of highly qualified jurors. The more than 100 jurors 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» 2018 offers a startup consulting package powered by McKinsey & Company, as well as total prize money of CHF 40'000, additional CHF 10'000 for the audience award for the winners of the business idea competition, and total prize money of CHF 120'000 for the winning business plans.
Participants receive additional support in the form of various events, to widen their network and sharpen their business ideas. Comprehensive information material is available, such as the business plan handbook "Planen, Gründen, Wachsen", specially written for the »venture» competition by McKinsey & Company.
»venture» is for budding entrepreneurs in Switzerland who have innovative business ideas. Participants may enter the competition as individuals or as a team.
The requirements: business idea and business plan competition
In the business idea 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 five best proposals will be awarded a startup consulting package powered by McKinsey & Company as well as total prize money of CHF 50'000. The best presentation will be awarded CHF 15'000 and the winner of the audience award (selected among the top 5 teams) will get an additional CHF 10'000.
In the business plan competition, participants prepare and submit their business plans. The authors of the best plans will be invited to present them to the jury. The total prize money is CHF 120'000; the best presentation will be awarded CHF 60'000.
Win more than prizes
In addition to the startup consulting and prize money for the especially successful, »venture» 2018 guarantees:
Know-how: »venture» 2018 provides access to experienced coaches who support you in the preparation of your business idea and your business plan.
Connections: »venture» 2018 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» 2018 closely. Winning a prize will give your business idea and your future company valuable publicity.