After Online awards ceremony for Phase 2 The Munich Business Plan Competition is now entering its third round. Innovative founders who want to conquer the market with their business idea can still Apply by May 26.
Especially in economically challenging times, solid business planning is essential for startups. Anyone who wants to have their concept evaluated by experts can now apply for Phase 3 of the Munich Business Plan Competition. What's special about this competition: All submitted business ideas receive extensive expert feedback. The winning teams will also receive prize money totaling 30,000 euros in Phase 3.
Respond to changing conditions
Fabian Brunner, head of the Munich Business Plan Competition, says:
"In order for companies to assert themselves in the current economic situation, they must closely examine their business model and respond to the changing conditions. With a focus on financial planning and implementation, Phase 3 of the competition starts precisely there and helps participants optimally position themselves."
Constructive criticism and feedback from judges
Sewts has already successfully participated in Phases 1 and 2 of the Munich Business Plan Competition this year. Co-founder Alexander Bley says:
"The constructive criticism and feedback from the judges is particularly important to us. This not only allows us to further improve our business plan, but also forces us to critically examine our entire business model. It's also particularly helpful that the competition is divided into three phases. This allows you to spread the work over several weeks and integrate it very well into your daily routine."
Submit your application by May 26
The third phase of the Munich Business Plan Competition, now underway, will lead the teams to the finals. The three winners will receive prize money totaling €30,000 and the chance to receive invitations to pitch events from Baystartup's investor network. Applications can be submitted online until May 26. You can find all information here.
