Startups can now once again take part in the Munich Business Plan Competition run by Baystartup It is aimed at ambitious entrepreneurs from all industries who want to successfully bring their business idea to market and take advantage of the opportunity to thoroughly test it with expert feedback. In the first phase of the competition, which is now underway, the jury requires a business outline that describes the business idea, its customer benefits, as well as the market and competition. The deadline for submission is January 16, 2024. Online tutorials on business plan creation will be available to support the process.
“The jury’s feedback helped us sharpen our presentation”
Richard Eckl, CEO of Energyminer and Winner of the Munich Business Plan Competition 2023, explains how he and his company benefited from participating in the competition:
"Our business model is unusual. However, it is essential, especially when approaching investors, to be able to communicate it clearly and understandably. The jury's feedback helped us refine our presentation. Access to the Baystartup network is invaluable to us. All of the financing rounds we have completed so far have come either directly or indirectly from this network. Last but not least, participating in the competition has brought us publicity and increased our profile among investors and key stakeholders in politics."
Startups have the opportunity to submit their business concepts and ideas to Baystartup's Munich Business Plan Competition in three competition phases. This gives them the opportunity to gradually develop or optimize their business plan. All participants receive feedback from experts. The top teams can look forward to a total of €48,500 in prize money and visibility in the Baystartup network and the public. Startups also receive access to Baystartup's extensive offerings: online tutorials, (free) coaching, exclusive startup and investor events, and access to capital providers.
All further information here.
