Science4Life, the business plan competition for life sciences, chemistry, and energy, is entering its 26th round this year. Participants can expect prize money in the five-figure range, access to a network of over 300 industry experts, and the Science4Life Academy with selected workshops and online seminars. Science4Life project manager Lutz Müller is convinced:
“In a time when traditional industries are being transformed and political frameworks are changing, startups offer invaluable potential to challenge the status quo with innovative business models.”
Science4Life: Competition in three phases
The Science4Life competition is divided into three phases: In the first phase, the idea phase, the business idea and its market potential are scrutinized closely. This allows teams to identify opportunities early and adjust their strategy accordingly. In the subsequent concept phase, the business model is developed and fine-tuned together with experts. In the final phase, startups plan their go-to-market in detail in the form of a business plan or pitch deck. Each phase ends with a ceremonial awards presentation where the best startups are honored. Interested parties and founders can join in any phase or participate in all phases.
Registration possible until October 16
Those who want to participate can now register online and submit a three-page idea outline by October 16, 2023. Participants will then receive detailed written feedback from experts on their submitted business idea. The best teams also have the opportunity to participate in the digital Science4Life Academy Day – here they receive individual coaching and can discuss and develop their startup plans with various industry experts.
