|
The Royal Academy of Engineering ERA Foundation Entrepreneurs Award
Rules and Conditions
1. The Royal Academy of
Engineering ERA Foundation Entrepreneurs Award seeks
to identify, encourage and reward young engineering
researchers working in UK universities, in the field
involving electro-technology. The Applicant must be
either be a student at a UK University or be on a UK
University payroll at the time of applying for the
Award.
2. The applicant(s)
will be at an early stage of their careers. E.g.
research students , research associates, research
assistants and doctoral students. Lecturers will not
be eligible.
3. The Award will be
given to an individual or to a team demonstrating
considerable entrepreneurial promise and the
potential to benefit the UK's future prosperity.
Submissions from a team shall be in the name of a
lead applicant, supported by not more than two
co-applicants.
4. The Award seeks to
encourage innovation, meaning the emergence of good
engineering into the marketplace, rather than just
potential good ideas. So candidates need to
demonstrate a knowledge of how their idea could be
exploited (that is a convincing business model) as
well as an understanding of the necessary
engineering. New markets and products are very
welcome but proposers should have a convincing
approach for creating them.
5. Submissions are
welcome in the following subject areas: electrical
and electronic engineering, aspects of bio-medical
engineering, electro-mechanical engineering, optics
and optical engineering, instrumentation, IT,
software and hardware; and materials related to the
foregoing. The decision of the judging panel on
eligibility will be final.
6. The prize will be a
personal prize of £10,000 for the winning individual
or team. In addition an award of £30,000 will be
made available to be used in any appropriate manner
to support the furtherance of the winning idea.
These proposals will have been defined in the
submission and plan and discussed with the judging
panel. Applicants must have their plans for
development endorsed by their University.
7. Submissions must be
endorsed and signed by a senior member of the
applicant’s university (Vice Chancellor or nominated
person) to the effect that the development of a
winning entry will not be constrained and that every
effort will be made to ensure that the award money
will be used for its intended purpose.
8. There is no
limitation on the number of submissions that any one
university may enter.
9. The applications
must be completed personally by the applicant(s).
Help is fine of course but a submission by the
university commercial department is unlikely to
succeed.
10. An appropriate
member of the judging panel will be offered as a
mentor to the winner for a period of up to two
years. All sensitive information passed on to the
mentor will be treated as confidential.
11. The winner(s) may
be invited to make a presentation to the Board of
the ERA Foundation. This may lead to further
support.
12. In addition to the
first prize, up to two additional prizes of £2,000
each may be awarded to those responsible for the two
submissions which are judged to be worthy
runners-up.
13. In making their
submission, entrants agree to accept the decisions
of the judging panel as final.
14. By making a
submission for the award, entrants agree to take
part in the judging procedure and to be prepared to
provide all necessary evidence to enable the judges
to reach a decision. Winners will be required to
take part in publicity activity in connection with
the award.
15. All material
provided by the applicant, whether in the form or
during their presentation, will be treated as
private and confidential and never passed on to
third parties.
16. The Royal Academy
of Engineering seeks no share in the Intellectual
Property Rights of entrants but does require, as
part of the submission, a formal statement on where
the IP ownership lies.
17. The Award may be
withheld if the judging panel should so decide.
18. Each submission
should be submitted electronically.
19. Submissions must be
received at the Academy by Monday 22 October 2012.
Late or incomplete entries will be disqualified.
Applicants should note that short-listed candidates
will be required to make presentations to the
Judging Panel in London on Wednesday 12 December
2012.
All enquiries should be sent to:
Sylvia Hampartumian
Manager, Awards
The Royal Academy of Engineering, 3 Carlton House Terrace, London, SW1Y 5DG
[E-mail
Awards]
|
