Business success with €7 cash start-up capital

In the €7 Cash@School competition, students from the Kufstein region were once again able to demonstrate their entrepreneurial skills. The teams donated the net proceeds to charitable institutions.

For the fourth time, teams from four schools in the Kufstein region had to find and implement their own business idea in seven weeks with only seven euros in start-up capital. A total of 17 teams consisting of around 80 students presented their innovative business models at the final on February 2, 2023 in the banquet hall of the FH Kufstein Tirol. Together they were able to generate a profit of € 6,041.41. The aim of the project is to motivate young students in a playful way to deal with economic topics such as business start-ups and entrepreneurship and at the same time to give them the opportunity to gain their first practical experience.

FROM THE IDEA TO IMPLEMENTATION - Team LazyBee of ISK Tirol won

From beeswax candles to personalised wooden coasters, beeswax cloths, biscuit cutters with homeland motifs to a handy tool for self-defence - the students developed exciting business ideas for a wide variety of products with a lot of creativity and skills. The young people donated the proceeds from their projects to charitable causes of their choice. For example, initiatives such as Schritt für Schritt in Schwoich, the aid organisation Brillos, Lebenshilfe in Wörgl or SOS Kinderdorf and Médecins Sans Frontières were happy about the donations.

An expert jury consisting of representatives of the long-term project partners had the difficult task of evaluating the teams in the categories business idea, market development, implementation and project success. For this purpose, each group prepared a five-minute elevator pitch and then faced the critical questions of the jury members. With their idea for a regional and healthy soft drink and a professional presentation, the LazyBee team from ISK (Ela Bauer and Laurenz Loidl) was able to convince the jury and took first place in the competition, which was endowed with € 600,--. 

Source: FH Kufstein