Submission of proposals
The submission of proposals will follow a 2-stage procedure. First stage submissions include an online template which asks for a brief description of the innovation, the business perspectives and the innovators team. Eligible submissions will be invited to the second stage, in which more detailed information must be provided.
Eligible participants
Eligible are all innovators and entrepreneurs, i.e., persons owning or representing the proposed innovation, employed by organisations including research institutes, start-ups, small-medium sized enterprises, or comparable institutions active in the development and realisation of sustainable chemistry solutions. Enterprises participating in the challenge shall have a staff headcount not exceeding 50 (full time equivalent) and an annual turnover of max. 10 million Euro. Enterprises majority-owned by large enterprises are not eligible for the award, except for innovations leading to the creation of independent spin-offs.Proposals submitted by innovators and entrepreneurs from developing countries and tackling challenges in developing countries are considered as particularly important. Female entrepreneurs are specifically encouraged to submit a proposal.
Criteria
The proposals will be assessed against the three main criteria:
- Innovation level. Is the innovation unique, distinct, and truly original?
- Business viability. What is the market potential of the innovation?
- Is the idea commercially feasible?
- Sustainability. What is the sustainability impact of the innovation?
What to expect?
Five finalists will receive:
- Tailored support: access to Global Start-up Service Customised Support
- Visibility: promotion of your innovation via ISC3 communication channels
- Cash prizes: the overall Innovation Challenge Winner will receive a cash prize of 15,000 EUR.
- The two separate categories “Best Social Impact” and “Best Regional Impact" OR two winners of "Special Impact" are endowed with cash prizes amounting to 5,000 EUR each.
Schedule
Launch of the new 2024 Innovation Challenge: November 1st, 2023
Deadline for first stage submission: March 1st, 2024, 23:59:59 CEST
Deadline for second stage submission: April 30th, 2024, 23:59:59 CEST
Jury Evaluation: May 6st – June 16th, 2024
Finalist announcements: after June 25th, 2024
Finalist pitch training: between July –September 2024
Innovation Challenge Award Ceremony: scheduled for autumn/winter 2024, date and location of the venue will be announced via https://www.isc3.org.