less»venture» 2014 is an initiative of the ETH Zurich, Knecht Holding, the innovation promotion agency CTI and McKinsey & Company, Switzerland and aims to put to use untapped innovation potential by encouraging young entrepreneurs to develop a business idea. A number of renowned companies from Swiss industry and commerce sponsor the competition.

Participants receive additional support in the form of various events, e.g., a series of “Founder Knowledge” seminars as well as special workshops. Comprehensive information material is also on offer, such as the business plan handbook “The New Venture Adventure – Succeed with Professional Business Planning.”

»venture» is addressed to budding entrepreneurs in Switzerland who have innovative business ideas. Participants may enter the competition as individuals or as a team.

In 2014, 239 teams submitted their business plan. The participating companies came primarily from the ICT and Life Sciences industries, but we also had the chance to meet teams representing various niche sectors.

The final decision and prize award took place during the second »venture» Prize Awards Ceremony at ETH the 7th of May 2014. Following presentations to potential investors as part of the »venture» Investor Day, each of the top 5 teams presented their business plans to the »venture» Advisory Board, composed of leading actors of the Swiss economy. The awards were handed over during a grand ceremony. As part of the ceremony, Mr. Joseph Jimenez, Chief Executive Officer of Novartis, shared his perspective on the importance of innovation in today’s market and how to successfully achieve it.

L.E.S.S. is glad win this prestigious competition in 2014.