EIT Digital launched the formnext start-up challenge along with the international exhibition formnext 2015 aiming at young, innovative companies in additive manufacturing. Formnext 2015 on additive technologies and tool-making takes place in Frankfurt from 17th to 20th November.
A start-up incorporated in the European Union and not older than five years can enter the competition and innovative and viable business idea with a product ready to market will be awarded.
EIT Digital and formnext will award five winners a booth in the start-up area of formnext 2015, including booth construction and paid travel and hotel expenses. The winners will also have the opportunity to be integrated into the Cyber Physical Systems Business Community and thus, benefit from consulting with business development and communication experts and also contacts to potential investors and customers throughout Europe.
An international jury of analysts and representatives of companies, research institutes and universities will select the five winners and will evaluate the overall business concept of the start-ups, based on the criteria, for example, what makes the product special and valuable as well as the team, marketing strategy, and financial planning.