05 Aug Double wins for modum.io
This summer modum.io has been busy applying to business competitions across the country. Our team has been successful in every competition that we have participated in and has found these opportunities to be an invaluable source of feedback from the expert juries, partner corporations, and investors.
We submitted an application to venture.ch this month and are proud to announce that modum.io has been selected as one of the Top 25 Business Ideas under Venture’s annual competition. Venture is an initiative of the ETH Zurich, McKinsey & Company Switzerland, Knecht Holding, the innovation promotion agency CTI, and École Polytechnique Fédérale de Lausanne (EPFL). In the business ideas competition, participants develop and submit a business idea in the form of an Executive Summary, which focuses on customer benefit and the market as well as a 90 second video portrait of their project.
We are also pleased to announce that modum.io has made it through stage one of Venture Kick after a presentation in Lausanne this month. Venture Kick awarded us CHF 10,000, which we are using to further develop our businesses. Since 2007, Venture Kick has supported spin-off projects at Swiss universities with pre-seed capital, coaching, and access to professional investors. Over 450 start-ups have been supported with over CHF 18 million.
Our trip to Lausanne was an exciting excursion and our team also visited with a number of potential long-term partners.