The "Founder's Contest - Digital Innovations" is a competition organized by the Federal Ministry for Economic Affairs and Energy (BMWi). There are two rounds of the competition every year. At the two awards ceremonies, the eleven-member jury, comprising experts from business, finance and science, awards up to six start-up ideas with main prizes of € 32,000 each. In addition, up to 15 other start-up ideas receive € 7,000 each. The special prize "Smart Living" of the current round is endowed with € 10,000 . The award ceremony of the first round of 2018 will take place in autumn at the IFA in Berlin. All participants receive a written assessment of their founding ideas on strengths, weaknesses, opportunities and risks.

For more information regarding the Founders Contest click here.