The story
On 7 November 2002, futureSAX started as a Saxony industry competition for start-ups and recent growth enterprises. Thus, it replaced the IT Business Plan Competition, which was exclusive for the IT-industry that had existed since 1999 and was also presented by futureSAX.
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 years 2003 through 2005, the competition grew approximately 67 percent.
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 euros.
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).
From Wikipedia’s article on FutureSAX, shared under CC BY-SA 4.0.4