Innovative thinking in BusinessChance Competition

Posted on 2012-04-26 15:28:07 EEST.

Business Idea Competition Chance was established now for the fourth time as a common competition by The Consortium of High Education in Vaasa. The competition was organized by BusinessFactory IdeaLab ( The competition was meant for students from Hanken, Vaasa University and Vaasa University of Applied Sciences. These Universities have signed the agreement of “Common innovation services in High Education in Vaasa”.

The Jury consisted of specialists from companies, business life support organizations and Business Mentors. The Jury gave the competitors valuable feedback on how to develop their business ideas.
The sponsors of the competition were The Foundation for Finnish Inventions, Vaasa Region Development Company Vasek, Mervento Oy and VNT-Management Oy.

By the launch of the competition (BusinessChanceRegulations) in Autumn 2011, there were two competition categories – Energy and Open. But in spite of hard marketing, only 14 teams had registered by the end of the registration time (30.3.2012). Because of this all the teams went directly into the Final.

The awards:

1. prize 600€ (+ 400€ developing money in BusinessFactory)
Vaasa UniversityTeam Jaakko Nieminen, Toni Savolainen, Jami Pasanen, Hanne Salomaa, Hannu Muje ja Tiina Kaarniemi with the Idea ”The grocery store in Internet”.

2. prize 400€ (+ 200€ developing money in BusinessFactory)
Vaasa UniversityTeam Jussi Järvenpää with the idea “The non-stop accommodation service”.

3. prize 200€ (+ 200€ developing money in BusinessFactory)
Vaasa University of Applied Sciences Team Henri Aaltonen, Ilkka Kittilä, Turkka Rantanen ja Stefan
Jungar with the idea ”(SpecialDrink).

Open rewarding ceremony will be held on Friday the 4th of May at 9.00-10.30 am. in Vaasa University of applied sciences Auditorium WB106. Coffee will be available. Guiding to the right auditorium will be available at the main entrance in Wollffintie 30.


Further information:
Timo Malin, BusinessFactory coordinator, , 0400-113950

Text:Timo Malin