 Used to promote entrepreneurship within Scandinavian universities and to generate high-growth start-up companies within Scandinavian society, the various organizations award more than half a million euros across Scandinavia on a yearly basis.Each organization runs its competition differently; some consist of several stages, in which participating teams submit ideas or projects for consideration to a professional jury and then develop those ideas into investment-ready business plans.Others (in Denmark, for example) run separate competitions for unique business concepts and well-developed business plans.