Venture Cup Rumoured To Have One Million Euro Grand Prize
I received a tip from an unnamed source last night that Venture Cup Finland is rumoured to have partnered with Tekes to enable a one million euro grand prize for the winner. The grand prize will be given in the form of the Young Innovative Companies -fund.
Venture Cup is a business plan competition where the best business plans will be awarded. The deadline for the Idea Phase is 19th of November. See Venture Cup website for more details.
There has been some debate on whether anyone has ever actually received the young innovative company -Tekes support. This prize would thus actually conclude that debate and give the winner an excellent possibility to develop their business.
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TEKES definitely has granted some Young Innovative Companies (NIY in Finnish) financing. I don't know how public the figures are, but I heard that there has been more than ten cases in both the pre-phase (max 50 k€) and first phase (max 250 k€). So far second phase grants have not been made.
[...] Cup Finland has chosen the seven finalists that will compete for the million euro prize money. We rumoured of this back in October 2008 and the competition, along with the amount of prize money. The prize itself won’t be an [...]
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