Technical University of Munich (TUM), UnternehmerTUM and Zeidler-Forschungs-Stiftung are organizing the inaugural TUM IdeAward. This annual competition aims to encourage researchers to set up their own innovative and competitive start-up enterprises. It is open to TUM academics and graduates. Entrants can submit any inventions and technologies with commercial potential which are currently in the form of dissertations, Masters/Bachelor theses or other project work.
The awards ceremony will take place in the TUM Entrepreneurship Center. The three entrants with the best ideas will receive coaching from TUM’s start-up consultants and UnternehmerTUM as well as financial support endowed by the research foundation Zeidler-Forschungs-Stiftung
- 1st place: EUR 15,000
- 2nd place: EUR 12,500
- 3rd place: EUR 10,000
There is a two-phase application process:
Ideas with commercial potential wanted! Are you a researcher at TUM or a TUM Alumnus? Have you got a great, innovative idea, but just don’t know how to develop it into your own business? Then don’t miss the chance to apply for the TUM IdeAward! You could win up to 15,000 EUR in prize money and personal coaching to start up your project!
For Phase 1 entrants should submit a brief description of their idea via an online form on the competition website, making sure to include the following details:
- Innovative content
- Market and competition
- Realization prospects
The brief description will be examined by UnternehmerTUM and TUM’s start-up consultation service as well as TUM’s patent and licensing office.
Ten selected entrants from Phase 1 will be invited to submit a detailed, 10-page outline of their idea. A jury will assess this outline in terms of the following four categories: innovative content and technology, market and competition, team (for team applications) and realization prospects. In addition, entrants will be asked to give a brief presentation on their idea to the jury in early February, following which they should be prepared to answer questions on their idea.