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On the basis of a business or development idea (phase one), the production of a business and marketing strategy develops (phase two) and a detailed and professional business plan (phase three) is constructed. Each phase ends with a confidential evaluation of the practicality of the business ideas by
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Since 2002, more than 490 start-ups and entrepreneurs, as well as 10,000 participants in net-working meetings and workshops, have taken part in futureSAX. However, in the 2006 competition, 140 teams took part and 188 business ideas, marketing concepts, and business plans were submitted. During the
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futureSAX is divided into three competition phases, in which the competing participants are aided under consultation in the development of their own business plans. During the course of the competition, the business ideas continually evolve; the participants profit from free
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Apart from the phase's closing jury vote, the technical support is guaranteed to the competitors by sponsors, such as regularly offered coaching and seminar meetings about start-up relevant information.
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Since 2018, futureSAX is officially a start-up of the Saxon Free State. The shareholders of the new GmbH are the Free State of Saxony and the Saxony
Economic Development Corporation (WFS).
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Apart from the technical support with the development of business plans through futureSAX, the opportunity is granted to the competitors to establish contacts to financial sources such as
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The business plans that have the most judicial approval are awarded with prize money. For the first two award ceremonies, four teams are awarded - one team each per the industries of
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97:. It aims to support start-ups and the founding of companies free of charge in a mission of the Free State of Saxony with various events, formats and grants.
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On
October 5, 2006, futureSAX launched into its fifth open-industry competition, which ran until 18 July 2007. The total prize money amounted to 68,000
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programs and the opportunity to correspond with others in their industry as well as sponsors of the competition.
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On 7 November 2002, futureSAX started as a Saxony industry competition for start-ups and recent growth
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and is financed with tax revenues based on the budget approved by the members of the
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years 2003 through 2005, the competition grew approximately 67 percent.
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that had existed since 1999 and was also presented by futureSAX.
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43:but its sources remain unclear because it lacks
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74:Learn how and when to remove this message
208:Business organisations based in Germany
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193:http://www.sab.sachsen.de
144:, etc. at the futureSAX
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188:http://www.futuresax.de
58:more precise citations.
95:Saxon State Parliament
114:independent juries.
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89:is a company of the
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162:IT-industry
158:enterprises
56:introducing
148:seminars.
146:networking
119:technology
64:March 2008
101:Procedure
87:futureSAX
202:Category
152:History
131:service
121:, ITK,
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