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5-Euro-Business-Competition

1 idea, 5 euros seed capital, 8 weeks of being a founder

This is the 5-Euro-Business Competition: You find a business idea, develop it further in a team and realise it on the real market. Throughout the competition, you and your team will receive expert support and training. You present your company as a team in front of an expert jury and can compete for the winning title.
Further information on the competition can be found under 5-Euro-Business on the website of the project sponsor Bildungswerke der Bayerischen Wirtschaft (bbw).

Kick-off event on 22nd October 2024

Join the kick-off event on 22nd October, from 4 p.m., in Lecture Hall 6, School of Business, Economics and Information Systems (Innstr. 27, 94032 Passau) at the University of Passau.

There you will receive all information about the competition in winter semester 24/25 and can ask your questions.

Registration with your ZIM-ID via Stud.IP 72180.

Consultation hour ‘think tank’ for questions

Dr Maria Diekmann will be happy to help you with any questions you may have in the run-up to the event or generally on the subject of finding ideas for a project that you would like to realise and need support with.

Weekly on Tuesdays from 9 - 11 a.m. or via email to maria.diekmann@uni-passau.de

This is your chance!

  • Realise an idea with only 5 euros and be an entrepreneur for eight weeks.
  • Gain experience in entrepreneurial thinking and action and train key qualifications.
  • Deal with social, sustainable and cultural challenges.
  • Certificate from bbw and 5 ECTS (for some study programmes).
  • Participation is for free.
  • Students of all disciplines and faculties who are enrolled at the University of Passau are kindly invited to participate in the competition.
  • There are prizes worth a total of 2,250 euros to be won.

We welcome participants from all faculties. Even if you cannot earn ECTS for your course of study, you are welcome!

After successfully completing the competition, you will receive a certificate from the Bildungswerk der Bayerischen Wirtschaft e.V. You can also receive 5 ECTS (from the Chair of Business Administration with a focus on Organisation, Management and Entrepreneurship) for writing an additional seminar paper. The seminar papers which have to be written individually after the competition (not the business report of the founding team) are evaluated: the grades of the team members can therefore differ and the competition placement does not determine the seminar grades.

Whether ECTS can be brought into your programme is determined by the study and examination regulations of your programme and cannot be determined by us.

To the best of our knowledge, ECTS can only be applied to the following degree programmes:

  • Bachelor Wirtschaftsinformatik (Information Systems)
  • Bachelor Business Administration and Economics
  • Bachelor Digital Transformation in Business and Society
  • Bachelor Media and Communication
  • Master Business Administration
  • Master Business Informatics ( „Interdisciplinary Specialization“; must be submitted in advance by contacting Prof. Dr. Jan Krämer)
  • Master Kulturwirtschaft / International Cultural and Business Studies
  • Master Geographie

After the final event of the competition, there will be a kick-off for the start of the preparation of the seminar papers in due time.

Workshops & seminars

In the theory phase, various chairs and external speakers provide important and practice-oriented input on topics such as idea development, project management, marketing, law/protection rights, prototyping and PR.

Individual coaching

Individual coaching during the competition is provided by the Start-up consultation of the university and the team of the INN.KUBATOR Gründerzentrums. Here, all questions from idea to business model to final pitches can be discussed.

Business contacts

During the business phase, the teams receive support from mentors from the business world and can profit from the experience and network of regional managers.

Start-up Stories

Get insights into the creative business ideas of successful teams that have participated at the different 5-Euro-Business universities.

This was the closing event of the 5-Euro-Business Competition 2023/2024

The 5 Euro Business Competition at the University of Passau in the winter semester 23/24 has come to a successful end. The grand closing event took place on Thursday, 25 January 2024, in the Great Redoute Hall of the City of Passau.

Visitors were treated to an evening of entertainment and inspiration as the start-up teams presented their ideas in short pitches. There was plenty of opportunity to exchange ideas and network with the creative minds at the exhibition stands.

An expert jury evaluated the business ideas and awarded prizes totalling €2,250 to the three winners as well as to the teams with the greatest commitment to media relations and sustainability. As a special prize, the INN.KUBATOR start-up centre also awarded a voucher for 3 months' use of the co-working space.

The winning teams 2023/2024

At the final event, two teams were able to convince the jury with exactly the same number of points, which is why two first places were awarded for the first time in the history of 5-Euro-Business:

1st place: Team Reviving Rugs with their bags made from old carpet samples not only won first prize (€800), but also the Media Award (€150).

1st place: With exactly the same number of points, Team Peaktrition also won first prize (€800) and the Sustainability Award (€300) with its sustainable outdoor food.

3rd place: Team PflanzZwerge, with their start-up idea of producing educational plant boxes for children, secured third prize (€400).

This year's INN.KUBATOR special prize also went to the Terminly team, an online booking platform for beauty services.

Voices of our Business Mentors

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Contact

Organisation und Projektmanagement:
Dr. Maria Diekmann
0851/509-2174
maria.diekmann@uni-passau.de

Coaching:
Helene Schneider
0851/509-1595
helene.schneider@uni-passau.de

Tamara Schneider
0851/396670
info@innkubator.de

Seminar paper and accreditation:
Fabian Hans
0851/509-2483
fabian.hans@uni-passau.de

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Organisers

Project Sponsor:
Bildungswerk der Bayerischen Wirtschaft

Regional organiser:
Universität Passau

Regional cooperation partner:
INN.KUBATOR Gründerzentrum

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