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futureSAX is a company of the Free State of Saxony and is financed with tax revenues based on the budget approved by the members of the Saxon State Parliament. It aims to support start-ups and the founding of companies free of charge in a mission of the Free State of Saxony with various events, formats and grants.
futureSAX is divided into three competition phases, in which the competing participants are aided under consultation in the development of their own business plans. During the course of the competition, the business ideas continually evolve; the participants profit from free seminar programs[ citation needed ] and the opportunity to correspond with others in their industry as well as sponsors of the competition.
On the basis of a business or development idea (phase one), the production of a business and marketing strategy develops (phase two) and a detailed and professional business plan (phase three) is constructed. Each phase ends with a confidential evaluation of the practicality of the business ideas by independent juries.
The business plans that have the most judicial approval are awarded with prize money. For the first two award ceremonies, four teams are awarded - one team each per the industries of technology, ITK, bio/nano-technology, and service. With the third award ceremony, five prizes in the three categories of “start-ups”, “growth”, and “special university prize” are awarded.
Apart from the phase's closing jury vote, the technical support is guaranteed to the competitors by sponsors, such as regularly offered coaching and seminar meetings about start-up relevant information.
Apart from the technical support with the development of business plans through futureSAX, the opportunity is granted to the competitors to establish contacts to financial sources such as Venture Capitalists, etc. at the futureSAX networking seminars.
On 7 November 2002, futureSAX started as a Saxony industry competition for start-ups and recent growth enterprises. Thus, it replaced the IT Business Plan Competition, which was exclusive for the IT-industry that had existed since 1999 and was also presented by futureSAX.
Since 2002, more than 490 start-ups and entrepreneurs, as well as 10,000 participants in net-working meetings and workshops, have taken part in futureSAX. However, in the 2006 competition, 140 teams took part and 188 business ideas, marketing concepts, and business plans were submitted. During the years 2003 through 2005, the competition grew approximately 67 percent.
On October 5, 2006, futureSAX launched into its fifth open-industry competition, which ran until 18 July 2007. The total prize money amounted to 68,000 euros.
Since 2018, futureSAX is officially a start-up of the Saxon Free State. The shareholders of the new GmbH are the Free State of Saxony and the Saxony Economic Development Corporation (WFS).
Saxony, officially the Free State of Saxony, is a landlocked state of Germany, bordering the states of Brandenburg, Saxony-Anhalt, Thuringia, Bavaria, as well as the countries of Poland and the Czech Republic. Its capital is Dresden, and its largest city is Leipzig. Saxony is the tenth largest of Germany's sixteen states, with an area of 18,413 square kilometres (7,109 sq mi), and the sixth most populous, with more than 4 million inhabitants.
A marketing plan may be part of an overall business plan. Solid marketing strategy is the foundation of a well-written marketing plan so that goals may be achieved. While a marketing plan contains a list of actions, without a sound strategic foundation, it is of little use to a business.
Software development is the process used to conceive, specify, design, program, document, test, and bug fix in order to create and maintain applications, frameworks, or other software components. Software development involves writing and maintaining the source code, but in a broader sense, it includes all processes from the conception of the desired software through the final manifestation, typically in a planned and structured process often overlapping with software engineering. Software development also includes research, new development, prototyping, modification, reuse, re-engineering, maintenance, or any other activities that result in software products.
Topcoder is a crowdsourcing company with an open global community of designers, developers, data scientists, and competitive programmers. Topcoder pays community members for their work on the projects and sells community services to corporate, mid-size, and small-business clients. Topcoder also organizes the annual Topcoder Open tournament and a series of smaller regional events.
In strategic management, situation analysis refers to a collection of methods that managers use to analyze an organization's internal and external environment to understand the organization's capabilities, customers, and business environment. The situation analysis can include several methods of analysis such as the 5C analysis, SWOT analysis and Porter's five forces analysis.
The Hannover Messe is one of the world's largest trade fairs, dedicated to the topic of industry development. It is organized by Deutsche Messe AG and held on the Hanover Fairground in Hanover, Germany. Typically, there are about 6,500 exhibitors and over 200,000 visitors.
Chemnitz University of Technology is a public university in Chemnitz, Germany. With over 9,000 students, it is the third largest university in Saxony. It was founded in 1836 as Königliche Gewerbschule and was elevated to a Technische Hochschule, a university of technology, in 1963. With approximately 1,500 employees in science, engineering and management, Chemnitz University of Technology is among the most important employers in the region.
The Space Frontier Foundation is an American space advocacy nonprofit corporation organized to promote the interests of increased involvement of the private sector, in collaboration with government, in the exploration and development of space. Its advocate members design and lead a collection of projects with goals that align to the organization's goals as described by its credo.
The Space Frontier Foundation is an organization of people dedicated to opening the Space Frontier to human settlement as rapidly as possible.
Our goals include protecting the Earth’s fragile biosphere and creating a freer and more prosperous life for each generation by using the unlimited energy and material resources of space.
Our purpose is to unleash the power of free enterprise and lead a united humanity permanently into the Solar System.
Loyalty marketing is a marketing strategy in which a company focuses on growing and retaining existing customers through incentives. Branding, product marketing, and loyalty marketing all form part of the customer proposition – the subjective assessment by the customer of whether to purchase a brand or not based on the integrated combination of the value they receive from each of these marketing disciplines.
The Hollywood Black Film Festival (HBFF), dubbed the "Black Sundance," is an annual six-day film festival held in Los Angeles, California dedicated to enhancing the careers of new and established black filmmaking professionals by bringing their work to the attention of the film industry, press and public. It is open to the public.
Indian Institute of Management Shillong is a public, fully autonomous management institute in the city of Shillong, Meghalaya. It was the seventh Indian Institute of Management to be established in India.
Best of Biotech (BOB) is an international business plan competition with focus on life sciences, i.e. Biotechnology, Medical technology and related fields. The competition is organized every 1–2 years by LISA, a program run by Austria Wirtschaftsservice, the Austrian federal development and financing bank, to promote entrepreneurship in the life science sector. The competition is co-sponsored by private life science and healthcare companies and is organized in partnership with international tech transfer agencies and business incubators.
Schlingel is an international film festival for children and young audiences. The festival began in 1996, and has taken place annually in Chemnitz ever since in the week before the Saxon Fall Break. The festival gives an overview of the newest international productions in the area of children and youth films. The festival is organized by the Saxon Children and Youth Films Association in Chemnitz. In addition, since 2006, the Saxon Institution for Private Broadcasting and New Media has also helped to organize this event. The patrons of SCHLINGEL are the Prime Minister of the Free State of Saxony, as well as the Mayor of Chemnitz. The festival is under the directorate of Michael Harbauer.
The SIUE School of Business is an academic unit of Southern Illinois University Edwardsville (SIUE) located in Edwardsville, Illinois, United States.
The MIT $100K Entrepreneurship Competition is a student-managed business plan competition, where undergraduates and postgraduates from various programs and all levels at the Massachusetts Institute of Technology (MIT) organize and enter the competition. Teams must include at least one full-time MIT student, but membership is not limited to the MIT community. The competition is supported by the MIT Entrepreneurship Center at the MIT Sloan School of Management. Every year a total of $300,000 is distributed as non-dilutive grant money. Since 1990, over 160 companies have been started as a result of the competition, generating 4,600 jobs, receiving over $1.3 billion in follow-up venture capital funding and totaling a cumulative market value of over $15 billion.
Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and is brought to life through product roadmaps. A product strategy describes a vision of the future with this product, the ideal customer profile and market to serve, go-to-market and positioning (marketing), thematic areas of investment, and measures of success. A product strategy sets the direction for new product development. Companies utilize the product strategy in strategic planning and marketing to set the direction of the company's activities. The product strategy is composed of a variety of sequential processes in order for the vision to be effectively achieved. The strategy must be clear in terms of the target customer and market of the product in order to plan the roadmap needed to achieve strategic goals and give customers better value.
Virtuosos is a Hungarian classical music-based reality competition television program for children and young adults, contested by players of classical instruments and classical singers drawn from nationwide auditions. The show is broadcast on Hungarian's MTVA network, airing a total of 5 seasons as of 2019. Mariann Peller producer is responsible for developing the format of the show. The show's patron is the wife of the President of Hungary, Mrs. Anita Hercegh.
The Laka Competition is an annual international architectural competition held by Laka Architektura. The competition has been created in order to search for innovative ideas of architecture that reacts in a way that is related to its social, environmental, technological, construction or material aspect. In addition to the activity of the competition, the participants are provided with a blog platform that presents potential inspiration related to the topic of architecture reacting to human needs.
43 North is an accelerator program, founded by Empire State Development and the State of New York, that hosts an annual startup competition [1], investing $5 million per year to attract and cultivate high-growth companies in Buffalo, NY. 43North portfolio companies also receive free incubator space in Buffalo for one year, guidance from mentors in related fields, and access to other business incentive programs such as START-UP NY. To date, 43North has invested $35 million in 59 companies, created over 1,000 jobs in the Western New York region and nearly 3,000 globally, and has a portfolio valuation of over $4 billion. 43North's portfolio has gained traction in recent years, including notable growth by ACV Auctions, which achieved "unicorn" status in 2019 and went public, listing on the Nasdaq in March 2021; Squire, which closed a series C in 2020 at a $250 million valuation; and Circuit Clinical, whose latest raise was supported by LabCorp. 43North operates with the support of Governor Kathy Hochul, Empire State Development, the Ralph C. Wilson, Jr. Foundation, and several other sponsors.
The International Joseph Joachim Violin Competition, Hanover is one of the best-endowed awards worldwide. It is held in Hanover, triennially, for a total of 12 young violinists. The competition is run before an international jury and is dedicated to the violinist Joseph Joachim, who also worked in Hanover. The aim of the competition, organized by the Lower Saxony Foundation, is to support artists on their way to an international career, to promote classical music traditions, education and practice, and to promote the Lower Saxony state capital as a metropolis of music. Partners of the competition are the Hanover University of Music, Drama and Media (HMTMH), the Hanover State Opera, the North German Broadcasting Corporation (NDR) with its NDR Radiophilharmonie, the radio NDR Kultur, the Fritz Behrens Foundation, Warner Classics, G. Henle Verlag and several companies. The competition is a member of the World Federation of International Music Competitions in Geneva.