Change categories according to tendencies and need. EG. SOFTWARE last year… old fashioned… :-/
2-3 pages, ALL eligible teams get feedback to develop their idea
10.000lt x 5
20.000 lt x 5
100.000 + 20.000 = 120.000 lt to the venture cup’er of the year!!
Why do VC alumni do well in international competitions?
We all hear about silicon valley…
Verslaukorganisers has international network in dk, sweden, etc. StartupHighway in EU…
1. build your team (specific roles, commercial/tech, investors say 80/20 (team/idea) = global rule of thumb)2. advisory board (enlist experienced industry people - good for network + obviously experience: problem solving, knowledge of foreign markets, strategy guidance)3. test your assumptions! (ask as many people as possible - valuable feedback re flaws, issues, risks + saves you money: test on customer/user already w mock ups, before proto typing. Remember different cultural contexts: e.g. parfume.dk – limits to one type of product! ‘Knockups’)4. Unique? Disruptive technology ? (ground breaking...) min. 30% improvement or change compared to existing solution.5. Have fun! (passion, believe in your idea, if u don't who will? Enthusiam)
Venture Cup 10 years Non-profit Nationwide 18 people 100+ jury members 40+ advisors
Year 10/11 424 teams 1159 participants 200+ in camps and seminars 700+ guests in finals
New Categories Cleantech & Environment energy efficiency, waste management, pollution reduction etc. Life Science & Medtech biotech, pharma, medical devices, healthcare, biomaterials etc. Mobile & Web apps, web services, search engines, augmented reality, NFC etc. People & Society education, consultancy, marketing, services, tourism, social e-ship etc. Product & Technology industrial design, devices, robotics, hardware, nanotech etc.
300+ IDEA COMPETITIONVENTURE CUP BUSINESS IDEAS 8 8 8 FINALISTS FINALISTS 8 FINALISTS 8 FINALISTS FINALISTS
300+ IDEA COMPETITIONVENTURE CUP BUSINESS IDEAS 8 8 8 FINALISTS FINALISTS 8 FINALISTS 8 FINALISTS FINALISTS 1 1 1 WINNER WINNER 1WINNER 1 WINNER WINNER