EYE Business Challenge
#FTECH16 |
You have a great business idea? Come and sell it!
Want to pitch your business idea to real Investors and Business Experts, get valuable feedback and a prize?
EYE Business Challenge 2016
(20 - 21, May | Strasbourg)
offers
7 selected upcoming youth entrepreneurs the chance to pitch and test their original business ideas, and also receive one-on-one mentoring from Business Experts.
EYE Business Challenge is part of the
European Youth Event 2016 (EYE)
and will take during the workshop on "You have a great business idea ? Come and sell it"
(Code: YU18Wi )
Why should you apply?
Your
benefits of putting forward your business idea include:
- The chance to pitch your business in front of an Expert Jury followed by valuable feedback
- Support, advice and coaching from experienced coaches to perfect your presentation via webinar and onsite
- Networking with investors, business experts and fellow entrepreneurs.
- Visibility – we publish your business profile in the EYE Business Challenge binder and online materials
- Opportunity of an automatic admission to the Erasmus for Young Entrepreneurs scheme and a one to six month exchange for the 3 winners
- Chance to win the Best Presentation Award and a Prize in the form of a fully paid trip to Bratislava to take active part in the SME Assembly, 24-25 November 2016. The Assembly is attended by 500+ representatives of enterprises; business organizations; European, national and regional governments; academia and the media. For more information please visit SME Week webpage.
Selection Process and Criteria
A selection committee made up of investors and industry experts will review online all the business plans and presentations and shortlist the best 7 who will then be invited to pitch at the contest.
Top 7 business ideas will be selected on the basis of:
- Need - There is a practical need for the product or service and not just a good idea without business potential.
- Approach - The way this need is to be satisfied, i.e. the point of departure in solving the customer pain/problem.
- Benefit - The innovative elements of the idea and its uniqueness - how is it better and/or different than what is on the market?
- Competition - The level of competition existing within the industry - who are your competitors?
- Project profile quality - Information available from the business plan and presention is complete, clear, balanced and convincing.