Venture Cup is a type of a Scandinavian business plan competition in which entrepreneurs with unique business ideas compete for investment capital.
Run by non-profit organizations in Denmark, Finland, Norway and Sweden, Venture Cup competitions are the largest business plan competitions in the world. Used to promote entrepreneurship within Scandinavian universities and to generate high-growth start-up companies within Scandinavian society, the various organizations award more than half a million euros across Scandinavia on a yearly basis. Each organization runs its competition differently; some consist of several stages, in which participating teams submit ideas or projects for consideration to a professional jury and then develop those ideas into investment-ready business plans. Others (in Denmark, for example) run separate competitions for unique business concepts and well-developed business plans.
Famous quotes containing the words venture and/or cup:
“Courage charms us, because it indicates that a man loves an idea better than all things in the world, that he is thinking neither of his bed, nor his dinner, nor his money, but will venture all to put in act the invisible thought of his mind.”
—Ralph Waldo Emerson (1803–1882)
“If you desire to drain to the dregs the fullest cup of scorn and hatred that a fellow human being can pour out for you, let a young mother hear you call dear baby “it.””
—Jerome K. Jerome (1859–1927)