The second and last phase, dedicated to Business Plans, of the 13th edition of Start Cup Piemonte Valle d'Aosta ended with 128 projects and 369 proposers. The competition for projects, ideas and companies is promoted by the Universities of the territory and managed by their respective incubators, I3P of the Polytechnic of Turin, 2i3T of the University of Turin, Enne3 of the University of Eastern Piedmont and Pépinière of Aosta.
Organized as part of the National Award for Innovation (PNI), promoted by PNICube (Italian Association of University Incubators and Business Plan Competitions) the Start Cup Piemonte and Valle d'Aosta is aimed at spreading the culture of innovation and local development, with the objective of encouraging and supporting the birth of innovative startups with high knowledge content to promote the economic development of the Piedmont and Valle d'Aosta territory.
Projects and participants
Half of the Business Plan projects submitted in Phase II of the competition are in the ICT competition category (50%). This is followed by Industrial (20%), Cleantech & Energy (13%), Life Science (9%) and Agrifood (8%). The 369 proposers are mostly men (79%) and have, in 36% of cases, a master's degree, in 22% a diploma, in 21% a master's degree and in 17% a bachelor's degree.
The Business Plan evaluation
The projects are evaluated by a technical jury made up of business angels, investors and entrepreneurs: after analyzing parameters such as the technical feasibility of the Business Plans, the prospect of economic growth and the competence of the entrepreneurial team, the Jury first draws up a short list of 15 Business Plans that will be judged through an individual hearing in a confidential session. Subsequently, the final ranking is drawn up with the nominations for the competition awards.
The award ceremony
The final award event of Start Cup Piemonte Valle d'Aosta 2017 will take place on Friday, October 20 in Turin at the University of Turin's "Luigi Einaudi" Campus. The teams of the finalist projects, special prizes and special mentions will participate and illustrate their entrepreneurial project with a public presentation.
Decidedly substantial this year is the prize money up for grabs, amounting to 60,000 euros: the 13th edition of the Start Cup Piemonte and Valle d'Aosta will award the first prize of 20,000 euros, the second 15,000 and the third 10,000, double the prizes paid in 2016. The prizes awarded to the three winning projects will be aimed at the birth of new startups in the university incubators of the promoting universities; in addition, the best business plans that set up new entrepreneurial activities in Cuneo and Valle d'Aosta will be paid two special prizes worth 7,500 euros each. In addition, special mentions will be given to Equal Opportunities and Social Innovation projects. In addition, the first 6 projects in the final ranking will acquire the right to participate in the 2017 edition of PNI to be held at the University of Naples on November 30 and December 1, 2017.