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MusicTrace wins second place in the Northern Bavarian Business Plan Competition

On July 16, 2004 the award ceremony of Phase 3 of the Northern Bavarian Business Plan Competition took place in Erlangen, Germany. Altogether, 55 teams had participated with a complete business plan in the final phase of the Northern Bavarian Business Plan Competition, that is an increase of 30% compared to last year.

In a first step, venture capitalists and entrepreneurs rated the business plans and selected 7 teams to give a short presentation about their business idea to a jury of experts the day of the award ceremony. After that, this jury selected the three winning teams in a secret meeting. The result of this secret meeting was no sooner presented to public than during the award ceremony in the evening in the Siemens Forum. The first place went to Calibr8 GmbH, the second winner is MusicTrace and the third place went to JUMA Leiterplattentechnologie.

The Northern Bavarian Business Plan Competition is organised by netzwerk|nordbayern and is carried out yearly since 1998. The Northern Bavarian Business Plan is divided into three phases with increasing requirements in terms of content and number of pages of the business plan. After each phase a jury of experts is rating the business plans.

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