Prizes and Adjudication

Prizes

Prizes for all winners include incubation services from The Innovation Hub’s Maxum Business Incubator and Climate Innovation Centre (CIC). In addition, prize winners receive seed funding:

The cash award will be paid on signing the incubation contract in January 2017, and seed funding will be transferred in approximately three payments, tied to agreed development milestones. Where possible, the incubators will facilitate linkages with potential customers with a view to enabling procurement of the innovations. Please refer to the Rules page for more information on eligibility and the awarding of prizes.

Adjudication

All submissions that meet the entry criteria will be judged by an adjudication panel consisting of industry experts, government stakeholders, technical specialists and successful entrepreneurs. Entries will be judged according to the following main criteria:

Adjudication will involve an internal adjudication process performed by incubation managers and specialists from The Innovation Hub to identify the semi-finalists. The semi-finalists will be invited to Business Training in July, following which they will be asked to submit a more detailed concept and business model description which will be sent to an external adjudication panel in August. Finalists will present to the panel in Oct/Nov to select the winners who will be awarded their prizes at a ceremony in November 2017.

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