The Nationwide Business Plan Competition Science4Life Venture Cup
The idea is as easy as it is successful: The initiative Science4Life gets young entrepreneurs together with
experts in the fields of Life Sciences and Chemistry.
Its aim is to first review written ideas, business concepts and then to finish a complete business plan.
Experts from many sectors essential for the establishment of a new company — lawyers, bankers, researchers,
marketing experts — act as coaches and evaluators.
Established in 1998, by the Science4Life e.V. association, the Science4Life Venture Cup is awarded annually
and has been an important tool for helping young entrepreneurs get started.
The most important information in review:
- The federal competition addresses students, postgraduates and scientific assistants, as well as employees and young entrepreneurs in the branches of Life Science and Chemistry.
- The competition is separated into three phases: idea phase (Phase I), conceptual phase (Phase II), businessplan phase (Phase III).
- The competition is sponsored by the provincial government of Hesse and sanofi
- The competition is supported voluntarily by more than 130 companies
- Participation and consultation is free of charge
Phase 1: Your idea
The first level of the competition, the idea phase, is to generate a brief, concise description of your idea and of
potential customers. Your ideas are evaluated by scientists and economists. You will receive written feedback by mail.
Final date phase I: 26/10/2012
30 x participation in one-day-workshop with experts from the Science4Life network
3 x inauguration at the conceptual phase ceremony in Berlin
Phase 2: Your business concept
The second level of the competition, the conceptual phase, is to generate a brief, concise description
of your future business. Your business idea is evaluated, along with your company’s representation and
a forecasting market evaluation. A convincing executive summary is the key part. You will receive
written feedback by mail.
Final date phase II: 01/18/2013
10 x € 1,000
20 x two-day workshop with individual coaching by experts of the Science4Life network
Phase 3: Your business plan
In the third phase of the competition you establish your complete business plan with the
help of seminars and workshops given by experts of the Science4Life network. After finishing
your business plan, it will be evaluated by our panel of experts. You will then receive written
feedback by mail. Ten winners are selected.
Final date phase III: 04/26/2013
1st – 5th place participation four-day-workshop (founders’ workshop)
1st place € 25,000
2nd place € 10,000
3rd place € 5,000
4th and 5th places € 3,000
6th –10th place € 2,000 each
All winners may also participate in Seed4Money, an investment forum for Life Sciences and Chemistry.
This involves a presentation to external sources and industrial companies in the sector of
Life Sciences and Chemistry.