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!
The competition takes place once a year and should motivate scientists to turn their ideas into innovative and competitive spin-offs. You can submit inventions and technologies with commercial potential in form of Master-/ Bachelortheses or other project works. The application will be reviewed, especially in the four categories of innovation and state of the art, market and competition, Team and implementation perspective. Applications from women are particularly welcome.
The three winners of the competition will receive a financial assistance by the Zeidler Research Foundation and coaching by the TUM Start-up consultation.
Place 1 : 15.000 , - Euro
Place 2 : 12.500 , - Euro
Place 3 : 10.000 , - Euro
The application takes place in two phases:
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.