Starting your own start-up during or after your studies is a big challenge. How attractive is your first business idea compared to other ideas – and how can you find out without taking risks? Every year, students and graduates of Cologne universities such as the CBS have the opportunity to submit their business idea to the “Ideenwettbewerb der Kölner Hochschulen” (Ideas Competition of Cologne Universities) of hgnc e.V., the hochschulgründernetz cologne (University Start-up Network Cologne), and have it evaluated by professionals.
At the 2018 awards ceremony on October 30th, 2018, two of the seven prizes went to teams with a CBS background: second place, endowed with 500 EUR in start-up capital, went to the “Compounder” idea, in which the CBS Bachelor students Evelyn Wagner and Paula Vorbeck are involved. Both are studying International Business. The compounder idea means offering a platform for prospective students to find the perfect course of studies to suit their own strengths and the ideal university. “What’s special about the ideas competition is that only a three-page idea sketch is required for submission; your own idea doesn’t have to be full-developed yet,” says Evelyn Wagner.