Challenges such as climate change and energy transition or unequal educational opportunities and global poverty demand entrepreneurial answers and open up start-up opportunities and green future markets.
Established companies and start-ups are therefore increasingly addressing these challenges and opportunities. They are developing solutions and implementing them in their strategies and goals. Companies that take environmental and social factors into account in addition to economic aspects are better prepared in the long term for future challenges such as demographic change, scarcity of resources, fluctuating raw material prices and changing legal frameworks. Just like financing and marketing, sustainability is a cross-cutting corporate task that serves to ensure long-term success.
For investors in particular, the integration of sustainability aspects into your business model is relevant in order to see that you are taking opportunities and risks of corporate development into account holistically and systematically. Make sustainability an explicit topic, define your understanding of sustainable corporate development and integrate sustainability aspects into your business concept. The sustainability-related key questions and assessment criteria in BPW Plan and BPW Canvas will help you do this.
Special Award Sustainability
BPW is the first business plan competition in Germany to have introduced the topic of sustainability into every manual chapter of the business plan years ago. This means that all participants must take a binding approach to sustainability in their business concept.
Corresponding online-seminars teach the basics. For the evaluation of the economic component, the entire business plan or canvas model is considered.
Using targeted evaluation criteria, our jurors focus on sustainability and assess the implementation and execution in your concept. In the third BPW phase, this assessment is included in the pre-selection for the special sustainability prize. Every concept that is submitted in the third phase and has achieved at least 50% of the maximum number of points will be admitted to the Special Prize for Sustainability - regardless of the industry, product or service. They therefore qualify automatically under these conditions.
At the end of the evaluation period, the concepts with the highest score on the sustainability questions will be evaluated once again in a jury meeting of the Borderstep Institute for Innovation and Sustainability. We will then receive three recommendations from the jury meeting and invite these three teams to the final pitch. The winning team will be awarded at the 3rd award ceremony.
In addition to economic sustainability, questions of ecological and social sustainability are playing an increasingly important role in the success of start-up projects. The BPW also focuses issues of sustainability in business concepts and annually awards a team with the special sustainability prize.