For the 7th consecutive year, the competition for the creation of innovative companies will take place on the island of Reunion. The Technopole de La Réunion and its partners are therefore launching an appeal to all project leaders on the island. Once again, the objective is to highlight innovative startups and serve as a springboard for future entrepreneurs.
The 7th edition of the innovative company creation competition
Launched for the first time in 2013, the innovative business creation competition is back for the 7th consecutive year. For this challenge organised by the Technopole de La Réunion and its partners, including CINOR, registration is open until midnight on 12 May. The aim of this competition is to ” stimulate initiatives for the creation of innovative activities in La Réunion “. The organizers also want to bring out innovative startup projects and detect new projects for the Public Incubator. In addition, the competition will also act as a springboard for business project leaders.
6 special awards to be won this year
For this new edition of the innovative business creation competition, 6 special prizes will be awarded. They are in addition to the first prizes that will be awarded to the best projects. These are Health, CleanTech & Energy, Digital, Ocean Economy, Tropical Bioeconomy and Hope. The sponsors for these awards are Orange, La Mutualité de La Réunion, CINOR and Qualitropic. The special prices will be in the range of 1,000 to 2,000 euros. What are the top three prizes to be won ?
The three first prizes at stake
– 1st Prize: A cheque for 6,000 euros. A return trip from Reunion to Paris (ticket + hotel nights) for one person to attend a trade show, 4 hours of advice from a chartered accountant, member of the Ordre des Experts Comptables de La Réunion and other prizes related to the business world.
– 2nd Prize: 3,000 euros, as well as 4 hours of advice from a chartered accountant, member of the Ordre des Experts Comptables de La Réunion and other prizes related to the business world.
– 3rd Prize: A cheque for 2,000 euros, 4 hours of advice from a chartered accountant, member of the Ordre des Experts Comptables de La Réunion and other prizes related to the business world.
There are several determining factors in the final pitch
Nearly 550 applications have been received since the launch of the innovative business creation competition. This represents approximately 300 files analysed, 73 finalists and 33 prizewinners. In addition, 14 of these projects have joined the Réunion Public Incubator. To participate, project leaders must fill out an online form and submit their complete file to the Technopole de La Réunion team. The selected candidates will then have to pitch their project in front of the members of the jury, made up of experts in business creation and innovation. In addition to the innovative aspect of the project, the jury will also take into consideration its economic viability and the involvement of the startup. The effects of its involvement in Reunion and the quality of the presentation file will also be determining factors.