The Science4Life business plan competition supports young founding teams and technology-oriented startups in the life sciences, chemicals, and energy sectors. Budding entrepreneurs can develop their ideas, business models, and business plans with the support of Science4Life experts, enabling them to later present their ideas to potential customers, investors, or cooperation partners.
The nationwide competition is divided into three phases: the idea phase, the concept phase, and the business plan phase. In the idea phase, startups describe their technology, present their business idea, and evaluate its market feasibility. In the second phase of the competition, the concept phase, the business idea is conceptually formulated. In the third phase, the business plan phase, the focus is on launching their own company. Participation in all three phases, including all offered services, is free of charge and is completely independent of one another. Both prospective founders and startups can join at any phase.
With this three-stage competition, Science4Life aims to depict the different phases of starting a business, beginning with the development of a product, a service or a digital business idea and continuing through the development of a business model to the company's founding.
Application period until April 21
Teams can currently submit their applications for the third stage of the competition until April 21, 2023. The submitted entries will be reviewed by industry experts. Each team will receive detailed feedback to help finalize their business plan for investor-ready presentation. Participants will also have the chance to win prize money of up to €25,000 and access to the expert network and the Science4Life Academy.
To participate, a company does not need to be established yet. Already established companies must be no more than twelve months old at the start of the respective competition.
Successful teams from Munich
Munich-based startups are also regularly among the winners of Science4Life. For example, Deoxy, Dermagnostix and Pioneering power Dermagnostix had already been successful in the idea phase. But Munich-based start-ups such as Kumovis, Inveox or ScintHealth have already been awarded by Science4Life.
