Rules - Can I participate?

Venture Cup is a university business plan competition, thus some rules apply to who can and cannot participate in the competition. Please observe the following eligibilty rules for participants:

 

1. For Students, Staff and Graduates. All teams must have at least one person who is a student, staff member or first-year graduate from any higher education institution in Denmark at the time of submission. Note that this does not include HHX, HTX and Gymnasium-level students, please refer to our sister organisation, Young Enterprise.

2. Residency in Denmark. All teams must have at least one person who is a permanent resident of Denmark. This includes residents on temporary student visas.

3. Danish bank account. Prizes can only be paid out to a Danish bank account, for bank fee and tax reasons.

4. Established companies must not have prior funding. If you enter the competition with an already established company, you must not have been funded with more than DKK 250,000 in order to qualify. However, we encourage participants to set up companies and start looking for funding during the course of the competition, i.e. if you have participated in the regional phase and recieve funding after the deadline, you may of course still parcipate in the remainder of the competition.

5. It is your own idea. Participants should possess the intellectual rights to their idea and the business idea must not be considered "stolen". Scientists from public institutions, such as universities, must pay attention to Law 347 (regarding royalty when dealing with inventions from public institutions). If your university owns the patent or research your idea is based on, you need to explain in your plan how you will handle this situation, i.e. has the university agreed to let you exploit their patent in this way, are they willing to sell you the patent, etc.

6. You cannot submit last year's idea. You may participate in Venture Cup with a similar idea more than once, as long as the business concept or model has been subject to major change. As entrepreneurs evolve their ideas by nature, this is rarely a problem. Please observe that if your team won any of the final top three prizes in a previous Venture Cup, you are not allowed to participate again in any case. 

7. The decision is final. Members of the Jury appoint the winners and their decision is final, i.e. you cannot appeal their decision.

8. Venture Cup decides when in doubt. In case of doubt, the Director of Venture Cup Denmark makes the final decision on any of the above rules.

 

Questions? See our FAQ or ask your local Venture Cup representative.