Attention startups: You can now submit your ideas and business concepts to the Munich Business Plan Competition (MBPW). You have until June 5th to submit your business plan.
1, 2 or 3? Last chance, over! — No, it's not that far yet, because you still have until the beginning of June, Submit your approximately 30-page business plan to BayStartUP and participate in the 3rd phase of the MBPW.
The focus in Phase 3 is on implementation, capital requirements, and revenue planning. You are free to choose the format: You can submit a business plan or a fully developed pitch deck. The concept should describe the business idea for the product or service in detail, particularly addressing the roadmap to implementation.
It's also important that your submitted business concept clearly demonstrates how you intend to cover your capital needs. A sales plan should be included. Also evaluated will be an executive summary, a description of the market and competition, an assessment of opportunities and risks, the marketing and sales model, and the structure of the entrepreneurial team.
Why participating in the Munich Business Plan Competition is definitely worth it!
All participating teams will receive comprehensive written feedback on their ideas and business plans from a volunteer jury of experts comprised of investors, entrepreneurs, and experts in the startup scene. Additionally, the winners will receive a total of €30,000 in prize money.
All information about the MBPW and how to apply can be found here.
