MusicTrace wins Phase 1 of the Northern Bavarian Business Plan Competition

On February 17, 2004 the ten winning teams of Phase 1 of the Northern Bavarian Business Plan Competition were honoured in Bayreuth, Germany. The Northern Bavarian Business Plan Competition is organised by netzwerk|nordbayern and is carried out yearly since 1998. The Northern Bavarian Business Plan Competition is divided into three phases with increasing requirements in terms of content and number of pages of the business plan. After each phase a jury of experts consisting of venture capitalists and entrepreneurs is rating the business plans.

In 2004, altogether 85 teams have handed in their business plans at the end of the first phase. The best ten business plans were honoured during an award ceremony. The winning teams had convinced the jury of experts with their rough concepts about the products and the benefits for potential customers. Among the winning teams was also MusicTrace.