Competitions are a good opportunity for budding entrepreneurs to present their ideas to a specialized audience and develop them further. Alongside the opportunity to win a prize, expert tips are very valuable, since they can help prevent mistakes. In addition, participating in competitions is an opportunity to get to know potential partners and investors.
In the Funpreneur competition held by profund at Freie Universität Berlin, students can step into the role of entrepreneur for a time, trying their hand at entrepreneurship in competition with one another even before they have finished their study programs.
In the Research to Market Challenge, likewise initiated by profund, scholars, researchers, scientists, students, or alumni of Freie Universität and Charité can win distinction and prize money for their innovative research-based business ideas.
Research to Market Challenge
In regional competitions such as the Berlin-Brandenburg Business Plan Competition (BPW), participants can develop their business model at the same time that they are attending a seminar program and submit it for evaluation at specific development stages. But startup founders can also submit existing business plans, subjecting their overall concept to an external review.
Berlin-Brandenburg Business Plan Competition (BPW)
Beyond these options, there are many other open or industry-specific competitions for startup founders in Germany and elsewhere throughout Europe where participation is worthwhile.