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Any global citizen with a business idea and a background from thecreative industries is eligible to compete in the Creative Business Cup.
You must own the rights to the idea with which you are entering the competition. A participant can be an individual as well as a group of people collaborating in a team.
At least one participant in the team must have a background in one of the creative industries. Besides the person with a background in a creative industry,the management team can consist of people with a professional background from other industries or trades.
What are the creative industries?
Creative industries are defined as:
- Content production – e.g. computer games
- Books & press
- Film & video
- Arts and crafts
- Radio & TV
- Amusement Parks & Live Scenes
Restrictions for participation
The amount of external capital invested in the participating company must not exceed $ 500.000 US. Besides this there are no requirements for the participating company in relation to the:
- Age of the company
- Turnover of the company
- Number of employees in the company
Creative Business Cup is a competition amongst business concepts from the creative industries. Submitted business concepts must not exceed 8 pages or 12 slides and they must be written in English.
Every business concept should address the majority of the following topics:
- Physical and organizational base for business
- Description of product/service
- Value proposition
- Sales channels
- Market and customers
- Expected revenue streams
- Key activities and cost structure
- Key resources and partners
- Competitive situation
- Organization and Management team
- Analysis of risks
- Financial needs and plans
- If relevant: Exit strategy
Appendices to the business concept are not accepted.