The ACHEMA start-up award is entering a new round this year. Business founders and entrepreneurs can submit their business plan to this and prize money win a total of 30,000 euros.
For the third time, the Society for Chemical Engineering and Biotechnology (DECHEMA), the business angels “Frankfurt Rhein Main” and the High-Tech Gründerfonds are looking for ideas, concepts and business plans from the areas chemistry, chemical engineering and biotechnology.
In three steps to the finished business plan
The competition is divided into three phases: idea phase, concept phase and business plan phase. In the former, each participant must have submitted their business idea by March 31st. For the concept phase, the submission of a first draft is scheduled for July 31st. The last phase ends with the business plan submission on November 30th.
Help with business plan creation by mentors
In the first two phases in particular, all applicants have the opportunity to present their concepts to technically competent mentors to discuss. They also provide assistance with the development of a business plan. After the submission and subsequent evaluation of the business plans, a maximum of ten finalists have the opportunity to present themselves to the specialist audience at their own stand at the ACHEMA 2021 trade fair and to make contacts. In addition, three founding teams will be honored as overall winners.
Participants have opportunities for venture capital
The aim of the competition is to increase the number of start-ups in areas such as B. biotechnology, chemical engineering and chemistry. Good business ideas and young companies need support in order to bring innovations to the market and develop business areas. It is important to have access to experienced mentors, a strong network and financial resources. The competition therefore offers applicants and existing start-ups Access to potential investors (venture capital). The only condition for already established companies: the start-up or company foundation must have taken place after July 1, 2018.
Well prepared for the preparation of the financial plan
The creation of a business plan often poses a major challenge for start-ups. The financial plan in particular has it all. In addition to participating in competitions with coaching offers, such as the Achem, founders can also create their business plan as part of business start-up advice. The consultation itself is funded with up to 80%. Depending on the status of the founder, other funding may also be possible.
Further information on the start-up competition can be found on the Achema website (external link).