The Darboven IDEE Award, which recognizes innovative business ideas from women, has been around for 20 years. But now you have to act fast: Female founders can only apply for funding of up to €50,000 until July 31st.
The founder, Albert Darboven, a Hamburg coffee roaster, wants to use his commitment to support the entrepreneurial potential of women in Germany and create future-proof jobs.
The award is the only national recognition for innovative start-up ideas by women. Albert Darboven believes the support is still needed even after 20 years:
“I am always amazed by the high entrepreneurial potential of women, which is still under-promoted.”
By awarding this prestigious prize, the founder aims to encourage women to pursue entrepreneurial independence. The award seeks promising business ideas from all sectors of the economy.
The award criteria of the Darboven IDEE Prize
The criteria for awarding the prize are clearly defined. They include:
- The degree of innovation of the business idea,
- a viable business concept,
- the personal commitment of the founder and
- the number of new jobs created or expected.
Eligible to participate are female start-ups and young entrepreneurs who have been self-employed for no more than three years. Business concepts from the social sector are also welcome.
Present the founding idea
Typically, five applicants are allowed to present their business idea in person to the jury in Hamburg. A spot in this final round is awarded through a public vote.
The award ceremony
The awards ceremony will take place in Hamburg in November 2017. Three business ideas will be honored. First prize is worth €50,000, second prize €10,000, and third prize €5,000.
Interested female founders can apply using an online form here until July 31, 2017.
