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Baselland Business 1/2022 English

  • Text
  • Wwwkmuorg
  • Basel
  • Switzerland
  • Baselland
Business guide for the Basel-Landschaft region in German and English

the winning project

the winning project receives prize money of CHF 20,000. Second and third place each receive 5,000 Swiss francs. Coaching and mentoring The coaching and mentoring programs have proven to be particularly attractive for Swiss Innovation Challenge participants. These are available to participants free of charge, and they can continue to use the seminars even if they drop out of the competition. Coaching is a central element of individual support in the Swiss Innovation Challenge. The subject of coaching can be the business plan, functional aspects such as marketing, financing, production, innovation or internationalization processes, as well as motivational and behavioral aspects. Field-tested leaders with a wealth of experience are available to mentor the participants of the Swiss Innovation Challenge. Successful project Since its launch in 2014 and first execution in 2015, the Swiss Innovation Challenge has supported more than 700 projects, contributed to the creation of more than 1,500 jobs, and awarded more than CHF 400,000 in prize money and support services. Conditions Applications to participate are possible on the Swiss Innovation Challenge website (QR code below right). – Companies or institutions that are established and those that are new to the market are eligible. – The company or participant is planning an innovation in the near future or has taken an innovative step within the past two calendar years. – The project can be submitted in German or English. Swiss Innovation Challenge House of Business Hardstrasse 1 4133 Pratteln 061 927 64 64 | sic@hdw.ch www.swissinnovationchallenge.ch/ bewerbung 38 Baselland Business

The 3 phases of the SIC The Swiss Innovation Challenge starts every year with the kick-off event. After that, the competition is divided into three phases: Phase 1 – Sharpening the business idea and creating a short presentation. The first phase of the Swiss Innovation Challenge involves sharpening the business idea and preparing a short presentation within three months. The prerequisite for admission to the first selection presentation, the first pitch, is the formulation of one’s own innovation idea on two A4 pages. The first pitch lasts three minutes. After that, the jury decides which participants belong to that half of the field of participants that will make it to the next phase. Phase 2 – Translating the business idea into a business plan The second phase of the Swiss Innovation Challenge lasts another three months. During this time, the business idea is fleshed out, a business plan is drawn up and the presentation is expanded. A prerequisite for admission to the second selection presentation, the second pitch, is the formulation of a professional business plan based on the innovation concept. This business plan should comprise 15 to 30 pages. The second pitch lasts five minutes. As in Phase 1, the jury again divides the field of participants. Only half make it to Phase 3. Phase 3 – Implementation plan and preparation of a final presentation In the third phase of the Swiss Innovation Challenge, the business plan is refined and the presentation finalized. A prerequisite for admission to the third selection presentation, the final pitch, is an implementation plan. A core element of the sales documentation is a video pitch that presents the innovation idea as well as possible. The third pitch lasts seven minutes. After that, the jury will determine the winners of the Swiss Innovation Challenge and the two special prizes. The winners will be announced at the Award-Winning-Ceremony. In addition to practical experience, networking in the business community, sparring and contacts with potential funders, the Swiss Innovation Challenge also offers prizes for participants. The winner receives CHF 20,000 and the runners-up CHF 5,000 each. Baselland Business 39

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