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.