Will I receive feedback?
Every business idea in our targeted search fields will be reviewed. However, we receive many submissions. Therefore, The review process may take several weeks and we may not be able to explain the specific reasons for our decisions in detail. In the event your submission gets declined by Freudenberg it isnâ€™t a reflection of its quality.
What happens with my idea?
Once you have submitted your business idea, it will be routed to the appropriate contacts so that it can be reviewed accordingly. The chance of winning depends on search field alignment as well as customer value (the expected business potential), business realization (our commitment and our ability to implement), technical feasibility (technological requirements), and financial impact (anticipated cost of implementation) criteria. Also, scope and maturity of the submitted idea will be considered. If we require any additional information, we will contact you. Of course, you can edit, revise and enhance your submission at any time during our competition. Feedback and discussions on your business idea may help improve your submission as well. Usually, personal meetings or phone discussions are not necessary to complete an initial review of your submission. Certainly, we will contact you in case of further questions.
Why can`t I submit confidential information?
We hope you understand that Freudenberg may already be working on similar ideas to yours, and therefore does not want to take possession of information which may prejudice the securing of intellectual property, either yours, ours or others. When you send us enough non-confidential information, we can judge whether the area is of interest to us, whether we are already working in that area. If then we decide to work together, it will make sense to sign a cooperation agreement to protect both our interests.
Why do I have to register?
We need your address details in order to contact you for questions or further steps regarding your business idea submission. Additionally, you confirm your acceptance of the Terms and Conditions by your registration.
How can I submit my business idea?
Please go to the ideaTrophy webforum and follow the instruction for submitting your idea.
WhatÂ´s in it for me?
Depending on the evaluation of your business idea, you may have the opportunity to let us help you realizing your dream â€“ a successful startup of an innovative business! Furthermore, attractive supplemental prizes are awarded from time to time. If you are a Freudenberg associate, you may even qualify for further incentives based on our new business development process. In case of a cooperation partnership with Freudenberg external idea originators, further incentives will be part of a negotiation process with you. In line with our over 160 year history as a company, we will make sure that both parties will benefit from the partnership.
Who can participate?
All creative minds can participate. We have a strong track record of working with innovators and suppliers outside our company. We would particularly like to work together with academic institutions, large technology organizations, other industry sector businesses, technology brokers, small to medium sized companies, individual inventors and suppliers.
What are you looking for?
We are looking for nothing less than brilliant business ideas in our search fields.
Why do I need to be older than 18?
For a successful partnership both parties need to sign a contract. This is only possible for persons above 18 (according to German law).