To move their idea forward – since, according to their estimates, the relevant market amounts to over 500 million CHF – they participated in the Venture business plan competition. Venture is a joint initiative of ETH Zurich, McKinsey & Company Switzerland, Knecht Holding, the innovation promotion agency CTI, and École Polytechnique Fédérale de Lausanne (EPFL). The Swiss-wide start-up competition supports young entrepreneurs in founding a company and aims to realise untapped innovation potential by encouraging young entrepreneurs to develop a business idea into a start-up company. The competition required participants to prepare and submit their business plans. This year, 117 business plans were submitted. The top 5 winners share the total prize money of CHF 120,000. As one of the top 5, the Rainbow Biosystem team was invited to present their idea to the Venture advisory board and the investors. At the award ceremony, they were awarded with the 3rd prize.
Kristin Schirmer and Vivian Lu Tan are delighted with their prize and continue to stress the advantages of their “Rainbow Biosystem”: “It can be applied at any occasions on- or off-site of the water sources, provides easily interpretable testing results, and is simple handle”, says Kristin Schirmer.