apsolut is a partner of the start-up initiative Science4Life

Support for start-ups in the life sciences, chemicals and energy sectors

apsolut is a bronze sponsor of Science4Life, Germany's largest business plan competition for start-up teams from the life sciences, chemicals and energy sectors. Every year, the competition awards prize money of around 85,000 euros. Since its foundation in 1998 by the Hessian state government and the health company Sanofi, more than 2,200 business ideas have been submitted and evaluated.

During the competition, the founding teams benefit from further training and coaching offered by the Science4Life Academy. The business coaches in the Academy include apsolut employees Dr Ferhat Eryurt and Axel von Kleist, e-procurement and industry experts for chemicals, pharmaceuticals, energy, automotive and discrete manufacturing. "Working with the founders is both exciting and challenging, but this investment is worth it," reports von Kleist. "Together with the start-ups, we learn to look at, question and evaluate ideas and concepts from many different perspectives. As a result, we are incredibly inspired and our entrepreneurial spirit immensely driven to discover and break new ground," adds Dr Eryurt.

The competition is currently in the conceptual design phase, in which the business concepts are examined for plausibility and chances of realisation. In addition, the focus is on patent, licensing and other legal aspects. This is followed by the final business plan phase. Besides preparing the comprehensive business plans and describing the actual business idea, the company teams must convincingly present their staffing, marketing, realisation and financing plan. The grand final award ceremony is scheduled for 18th July 2022 at the headquarters of the Deutsche Bundesbank in Frankfurt am Main.

Further information on Science4Life [German]: www.science4life.de

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