What is the STORM idea contest?

STORM business idea contest’s aim is to find potential business ideas, which can be processed to real life solutions for businesses.

Who is the organizer?

LAB university of applied sciences

Why should i apply?

STORM offers you the best opportunity to assess your business ideas, in addition STORM can be your first step toward being an entrepreneur. Also nowadays recruiters are looking for entrepreneurial-minded people to hire, so this contest is good opportunity show that you got one

When is the application period?

Application period begins september 9th and lasts until october 13th.

What are the prizes?

All participants will take part in a raffle (the raffle will be organized in the final STORM event on 19th november) for:

  • 2 ipad pros.


The finalists will receive:

  • Pitching training; pitching for the audience in the STORM finals


The winning team will receive:

  • Tickets to slush
  • Consultation about immaterial rights / berggren oy
  • Support in developing their business idea in spring 2020


the finalists will receive:

  • Pitching training; pitching for the audience in the STORM finals

How many business ideas will be selected for the final?

About five best ideas will be selected for the final.

Does the jury read the applications during the application period?

No, all the applications will be assessed only when the application period is finished.

What are the STORM idea contest languages?

The official languages of STORM idea contest are both english and finnish. It means, that you can walk through the whole competition process in english or finnish

Who can apply?

Students and employees in lahti region from:

  • lab university of applied sciences
  • salpaus further education
  • lut university
  • helsinki university
  • haaga-helia, vierumäki unit

How many applications can i send?

You can participate in max. 3 applications (total; individual or team member)

Can i apply as a team? What is the maximum number of team members?

Yes, you can apply either in a team or individually. There is a limitation number of 6 members in your team though.

What i need to apply?

A business idea and a will to develop the idea forward is all you need to attend the STORM. Also, you need to fill in the application form in required timeframe (9.9. – 13.10.)

What if there are very identical ideas?

Often very similar ideas originate in different places at the same time. If the ideas are rated equal the first left idea application will have priority in contest. Jury do not inform different teams about similar ideas. Jury can contact your team and ask your willingness to cooperate with another team. Contact between two teams will be formed only after both teams have given their agreement to cooperate to jury.

How can i resign from the competition?

You can withdraw your application until the end of the application period by email info@stormideacontest.Fi. After application period you can also withdraw by email to this same address. If you have been selected to the final you are liable to take part to pitching education for one day and do the pitching in competition final.

What type of ideas can participate the contest?

All ideas with business potential are welcomed to STORM business idea contest. There are no limitations by area of business or technology.

How my idea is protected?

Only the jury has access to your applications and they will be assessed in a confidential way. You own the intellectual property rights (IPR) to your idea therefore you need to take care of the IPR protection yourself in the extend you want (patents, trademarks etc.)

Is any prior experience related to business idea needed?

Prior experience is not necessary, but it can help you in development of your idea after the contest.

What happens after the application period?

The finalists will be informed personally by email by 5th of november. Please note that if you are applying in a team, only the contact person will be informed about the selection. Applications will be deleted after the competition final, so take care that you have your own copy of application material.

Can i receive feedback in case my idea is not selected to the final?

We may give feedback in some cases but due to the large amount of applications we cannot promise it to everyone personally. 

What is the next step after being selected?

The organizer will provide you a pitching training workshop, where you will get professional guidance how to do a professional pitching of your idea. Then you need to be prepared for the final pitch.

What kind of guidance can i get?

Personal guidance how to pitch your idea, you need to do the slides but you will get direct advise how to do and what are the key things in pitching the idea.

Do all the finalists need to pitch their idea in front of audience?

Yes, pitching your business idea is the only way to win.

What are the mandatory events for the finalists?

The pitching workshop and the final of STORM are mandatory for the finalists

When, where and how will the final STORM be?

The final STORM will be held on november 19th in auditorium of mukkulankatu 19. The final will last from 12-16, the official program will be published later though.

Who are able to attend?

Everybody is more than welcome to attend the final STORM.

What can i do with my business idea after the STORM idea contest?

If you want to develop your business idea further, you can read more about accelerator programs provided by LAB university of applied scineces at https://lab.Fi/en/palvelut/business-development.

Will STORM idea contest be held again?

Yes, STORM idea contest will be held annually. The next STORM idea contest will be held autumn 2020; thus, you have the opportunity to develop your business idea for the next STORM.

Voinko saada sertifikaatin mikäli osallistun liikeideakilpailuun?

All the finalists can be awarded with a certificate.