Strascheg Award 2022 - Idea competition at HM Hochschule München University of Applied Sciences
The Strascheg Award is the idea competition of HM Hochschule München University of Applied Sciences and Strascheg Center for Entrepreneurship, which is awarded in three categories for innovative business ideas. The best business ideas from a course (submission in category 1), in the study time (submission in category 2) and from science and practice (submission in category 3) are sought. Ideas, projects and scientific work that are driven forward with entrepreneurial motivation from all students, professors, staff and alumni of the HM Hochschule München University of Applied Sciences are eligible to apply. The decisive criteria for awarding the prize are the problem presentation, the solution approach, the degree of innovation, the market potential and the implementation planning of the idea. The submitted ideas are evaluated in a multi-stage process by entrepreneurship experts from the SCE and HM as well as an external jury of experts. The award is endowed with prize money of €30,000. In each of the three categories, the first to third place ideas will receive €5,000, €3,000 and €2,000 respectively.
In addition, all participants receive a personal consultation and qualified feedback on their business idea and the chance to receive funding in our 24-week accelerator, the Start-up Certificate funding program, with intensive consulting, exclusive seminars/workshops for founders as well as a prototype budget and workspace in the incubator.
Business ideas for the Strascheg Award can be submitted by the following individuals and groups: Students, alumni, professors, lecturers, research assistants and employees of HM Hochschule München University of Applied Sciences. At least one team member must belong to one of the target groups mentioned. In addition, students and alumni from other universities can apply for the award if they have participated in SCE qualification programs and events (category 1).
1. best business idea from a course
Prizes are awarded to the three best entrepreneurial ideas that emerged during courses at HM or at the SCE.
2. best business idea in the study time
The three best entrepreneurial ideas of students enrolled at HM that did not arise during courses will be awarded a prize.
3. best business idea from science and practice
The three best entrepreneurial ideas developed by alumni, professors, lecturers and employees of HM will be awarded.
Application is made by submitting the documents online by the application deadline.
Process & application
If you would like to apply...
Read the conditions of participation for the three award categories.
The application is only possible online via the application form until the application deadline with the following documents:
Formulated idea paper of max. ten pages or read deck (meaningful presentation) in German or English; exemplary templates can be found in the download area (top right).
Plus CVs of all persons involved in the application
Submission via the online application form (via the application link on the top right):
Select the appropriate award category, fill out the application form and upload a ZIP file of max. 10MB with your documents (documents in PDF format).
Deadline for application is 08.08.2022 at 23.59. You will receive a confirmation of receipt.
Announcement of the nominees, the best ideas in three categories: September
Festive award ceremony at the HM in autumn (details coming soon). Mandatory participation & idea presentation (pitch of max. 5 minutes) by the nominated award participants as part of the stage program.
The business ideas will be evaluated by an expert-jury involving entrepreneurship experts from the Strascheg Center for Entrepreneurship and the HM Hochschule München University of Applied Sciences and external partners. The written documents form the basis for the evaluation.
Selection criteria are:
degree of innovativeness
All information submitted as part of the application process will be treated confidentially.
Award & prize money
The award amounts to EUR 30,000. Each of the three award categories has price money of EUR 10,000.
All participants will benefit from individual coaching and qualified feedback concerning their business idea.
In addition the participants have the chance to be supported in our funding program for founders, the Start-up Certificate: a 24-week accelerator program offered by the SCE start-up support team for the implementation of business ideas.
The award is donated by the Renate & Falk Strascheg Foundation.