Venture Cup Danmark

Venture Cup Danmark is a non-profit organisation whose object is to discover and empower students and researchers with the purpose of facilitating the realization of their business ideas. This is made possible through the idea and start-up competitions, where students have the opportunity to develop and upgrade their idea and turn it into a viable and successful business. The purpose of Venture Cup is two-fold: to inspire and motivate entrepreneurship among students, and to turn academic knowledge into viable high-growth businesses. A total of 575.000 DKK is awarded yearly to upcoming entrepreneurs.
Venture Cup has been discovering new entrepreneurs since 2000 and it is associated with the three other Venture Cups in Sweden, Norway and Finland. The Danish Venture Cup is supported by seven Danish universities (Copenhagen Business School, Technical University of Denmark, University of Copenhagen, University of Southern Denmark, University of Aarhus, Aalborg University and Roskilde University ). It is funded by as well as private sponsors and the main sponsor is Young Enterprise Danmark.
It has local offices in Copenhagen, Aarhus, Odense, Aalborg and Roskilde. The national office is based at Howitzvej 60, 2000 Frederiksberg.
Idea Competition
The Venture Cup Idea Competition runs during the fall and awards 25,000 DKK to the best idea of five categories:
#Cleantech & Environment: energy efficiency, waste management, pollution reduction etc.
#Life Science & MedTech: biotech, pharma, medical devices, healthcare, biomaterials etc.
#Mobile & Web: apps, web services, search engines, augmented reality, Near Field Communication etc.
#People & Society: education, consultancy, marketing, services, tourism, social entrepreneurship etc.
#Product & Technology: industrial design, devices, robotics, hardware, nanotech etc.
Students can participate by entering a 2-3 page executive summary about the business idea and the deadline for submissions is usually around late November, and the finals are in January.
Apart from the money prize, participants get feedback on their ideas from business people, entrepreneurs and investors; obtain practical entrepreneurial skills by attending the training workshops that are held in different universities and gain a valuable network of experienced individuals who can help them succeed.
Startup Competition
The Venture Cup Startup Competition runs during the spring and awards 50,000 DKK to the best business idea of each of these five categories:
#Cleantech & Environment: energy efficiency, waste management, pollution reduction etc.
#Life Science & MedTech: biotech, pharma, medical devices, healthcare, biomaterials etc.
#Mobile & Web: apps, web services, search engines, augmented reality, Near Field Communication etc.
#People & Society: education, consultancy, marketing, services, tourism, social entrepreneurship etc.
#Product & Technology: industrial design, devices, robotics, hardware, nanotech etc.
The five winning teams competes for an additional prize of 200,000 to take home a total prize of 250,000 DKK
People can participate to this year's competition by entering a business plan of 10-20 pages.
Statistics
19,000+ students are in contact with Venture Cup each year.
700+ students participate in Venture Cup competitions each year.
67+ million DKK is contributed to the Danish economy by alumni companies.
80+ new companies have been co-created by Venture Cup.
430+ jobs have been created by Venture Cup alumni companies.
History
The concept of business plan competitions originates from the U.S. where it was developed in the early 1980s. In the 1990s competitions were organized around the world by McKinsey & Company in cooperation with local universities and business schools.
In 1998, McKinsey & Company established Venture Cup in Sweden, and in 2000 as an Øresund-based competition with Denmark and Southern Sweden. Today, Venture Cup is present in three Nordic countries, and a total of more than 2000 submitted plans each year makes it the most important initiative creating high-growth start-up companies in Scandinavia.
In 2003 Denmark got its first nation-wide Venture Cup, organised by McKinsey & Company, Copenhagen Business School, and the Technical University of Denmark. Today, the organising group of universities has expanded to include the seven above mentioned universities.
Winners
2009/2010
Winners of Venture Cup Idea Competition 2010
Venture Cup Winners (chosen by the jury):
Applied Technology: Super Light Structures
Cleantech: Blue Power Technologies
Life Science & Medtech: MalariTect
Services: Computerfriend
Software: FutureCad
People's Choice Awards:
Applied Technology: IDM Hoods
Cleantech: ISCR Company
Life Science & Medtech: eQui
Services: IVOTESHOPPING.dk
Software: SocializingU
2008/2009
#Multiaerobics - An online physiotherapy software made for specialists in the human movement industries. The software allows specialist to treat their patients via the software in cases where the user needs standard physical exercises. This will reduce the enduser's cost.
#Wölwa Group - Web-based software for estimating the cost of IT projects. It is a "Software as a Service" (SaaS) concept, which incorporates historical data to provide accurate estimates early in the project life cycle.
#Immeasure - A patentable technology capable of measuring multiple protein concentrations within minutes. The technology reduces the disease diagnosis process from hours to minutes, lowering cost per test significantly and potentially saving lives.
2007/2008
#Immutell - Immutell developed an innovative method for diagnosing infectious diseases. The team is a collaboration between 3 students from ASB and researches from Hvidovre Hospital.
#Medichanical Innovation - Medichanical Innovation introduced a new measuring instrument to increase the success rate at hip prosthetic operations.
#MP Software - MP Software has produced an integrated development environment that makes life easier for web programmers using the PHP, HTML, CSS languages.
2006/2007
#Axon7 - won first prize for their software library, called CSP.NET, aimed at computer programmers. The library makes it easy to program networks of machines and machines with multiple processors.
#InMold BioSystems - is a way to mold a specific pattern of biomolecules into a plastic surface e.g. a petridish, culture flask or microwell plate. All of them are materials to grow cells onto in the Life Science industry.
#Mooncean - is developing a Methicillin-resistant Staphylococcus aureus (MRSA) detection device that will be accurate, real-time and inexpensive.
2005/2006
#RSP Systems - won first prize for their unique needle-free glucose measuring method, which especially helps people with diabetes.
#Vinzyme - has developed a new method for controlling fungi and its by-products in wine production, making the taste and bouquet of red wines easily adjustable.
#Polycan - is a nanotech project which have developed a method to determine the presence of an arbitrary virus in less than 10 seconds.
2004/2005
#Flex Acoustics - has developed an inflatable panel that alters the acoustics in a concert hall to make it more suitable for Rock and pop music.
#NIL Technology - provides state of the art nanotechnology solutions for the manufacturers of integrated electronics
#Health Equipment Denmark- fixes tubes and needles when patients is giving blood or is in dialysis.
2003/2004
#INAGEN - has created a novel method of developing new forms of therapies against viral diseases. The technology utilizes a “self targeting” capability that occurs in the natural defense mechanism of the specific disease to target and kill infected cells. The platform technology can be developed for numerous infectious diseases
#Sapio Systems- revolutionary patent pending Intellego technology takes computers to a higher level by enabling them to read and understand knowledge described in text. With Intellego's comprehension of knowledge, Sapio Systems enables its customers to shorten their time to market and create new, useful products
#Oddlabs - produces games for an unutilized segment of the computer games market, by using in-house developed technology.

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