Strascheg Award - Start-up & Ideas Competition

Shortfacts

Target group

Students, alumni of the HM Hochschule München University of Applied Sciences and the SCE, as well as professors, lecturers and staff members of the university (at least one team member)

Content

Competition to award innovative business ideas with prize money (total €30,000) and support (feedback & consulting).
Application documents required(German/English): Idea paper or meaningful presentation plus CVs of the applicants.

Cycle

Once a year.

Costs

None.

Apply for the next round in 2024!

Testimonials

Here's what our Strascheg Award winners have to say about the award.

The Strascheg Award provided us with a stage to pitch our project to a large audience. This gave us helpful feedback and enabled us to make valuable contacts. As a result, we are using our prize money specifically for further product development.

Participating in the Strascheg Award was a big step towards our foundation. The prize money gave us the opportunity to optimize our product and further boost our Kickstarter campaign. The event was super fun and offers the opportunity to make many new contacts in the start-up scene.

The Strascheg Award was the starting signal and driver for the successful development of our start-up.

HM and SCE are the perfect environment to develop your idea into a real product. With the Strascheg Award, you get honest feedback on what your idea is still missing to be successful in the future.

About

The Strascheg Award is the ideas competition of the HM Hochschule München University of Applied Sciences and the Strascheg Center for Entrepreneurship, which is awarded in three categories at HM for innovative business ideas. We search for the best business ideas from a course (submission in category 1), during the study period (submission in category 2) and from science and practice (submission in category 3). All students, professors, staff and alumni of HM are eligible to apply with their ideas, projects and scientific work that are driven forward with entrepreneurial motivation. 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 a 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 opportunity to receive support in our SCE accelerator program with intensive consultation, exclusive workshops for founders, as well as a prototype budget and workspace in the incubator.

The Strascheg Award is sponsored by the Renate & Falk Strascheg Foundation. The award was first announced in 2014 and is presented annually in fall.

Target groups and price categories

Who can enter the ideas competition? Business ideas for the Strascheg Award can be submitted by the following individuals and groups: Students, alumni, professors, lecturers, research assistants and employees of the HM. At least one team member must belong to one of the target groups mentioned. In addition, students and alumni from other universities may apply for the award if they have participated in SCE qualification programs and events (Category 1).

Award categories: 1. best business idea from a course The three best entrepreneurial ideas that were developed during courses at the HM or at the SCE are awarded. 2. best business idea during the study period The three best entrepreneurial ideas of enrolled students at the HM that were not developed during courses are awarded. 3. best business idea from science and practice The three best entrepreneurial ideas developed by alumni, professors, lecturers and employees of the HM are awarded.

Funding and prize money

The award is endowed with prize money of €30,000. Prize money of €10,000 is awarded in each of the three categories at HM. All participants in the Strascheg Award will receive a personal consultation and qualified feedback on their business idea, as well as the opportunity to receive support in our SCE accelerator program with intensive consultation, exclusive workshops for founders, as well as a prototype budget and workspace in the incubator.

Procedure and application

If you would like to apply...

Continue to the conditions of participation

Read the conditions of participation for the three prize categories
The application is only possible online via the application form until the application deadline with the following documents:
- Formulated, max. ten-page idea paper or read deck (meaningful presentation) in German or English; sample templates can be found in the download area (top right) for orientation purposes
- Plus CVs of all persons involved in the application
Submission via the online registration form (via the registration 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)
Application deadline is Sept. 30, 2023 at 23.59. You will receive a confirmation of receipt.
Announcement of the nominees, the best ideas in three categories: November
Festive award ceremony at HM Hochschule München University of Applied Sciences at the SFF Summit (November 30, in the evening). Obligatory participation & presentation of ideas (pitch of max. 5 minutes) by the nominated award participants during the stage program.

Downloads

Downloads Application Document Read Deck Presentation (Template)pptx Application Document Idea Paper (Template)docx

Links Conditions for participation in the Strascheg Award Renate & Falk Strascheg Foundation

Contact

Saskia Schmidl New Venture Creation

T: 089 1265 3239

Linkedin saskia.schmidl@sce.de

Saskia Schmidl joined the team at the Strascheg Center for Entrepreneurship in summer 2017. As part of the new venture programme, she advises founders and supports our teams of the start-up-league in the incubator.

Saskia received her degree as a graduate in Social Sciences from the University of Göttingen (focus on business administration, economic and social psychology, civilian media law and sociology).

She has come to know the founding scene from various perspectives and gained valuable experience: as part of start-ups, on the investor‘s side of a venture capital company or in a supraregional third party project to promote and support start-ups of scientists from non-university research institutions (Max Planck Society and Helmholtz Association).