Deadline: 15-Oct-21
The FAMAE is pleased to announce Sustainable Innovations Challenge that aims to support innovative and concrete solutions to fight against climate change, everywhere in the world, around waste, water, food, habitat, energy and mobility.
Purpose for the Challenge
- The goal of the FAMAE endowment fund is to support innovation for the environment, by finding effective, sustainable and universal solutions to practical problems in the daily lives of hundreds of millions of people.
- These solutions help them save money while reducing their environmental footprint. In order to achieve this, FAMAE organises an annual international environmental innovation contest.
Funding Information
- A total of €1,000,000 prize money will reward one or more projects. In practical terms, this funding shall be used for expenditures related to the project (i.e product development costs, wages, marketing expenses).
- The Awardee will receive funding from the Sponsor to cover Project-related expenses such as IP protection, patent filing, product / industrial design, 2D / 3D blueprint making, prototyping, manufacturing, shipping, marketing, monitoring, IT, incorporating a legal entity.
- This funding will, if necessary, cover third party costs or salaries. Legally speaking, the funding will be made either through a grant, an equity injection or a loan (with or without reimbursement).
- If the Candidate has chosen a Philanthropic status (i.e IP related to the Project is made available to anybody, free of charge) then the funding will occur mostly as a grant.
- If the Candidate has chosen another status (i.e IP related to the Project is not made available to everybody free of charge), then the funding will occur mostly as a mix of equity injection and loan (with or without reimbursement).
Eligible Project
Solution proposed by a Candidate, be it an idea or an existing product or service. The solution has to address the following issue: develop innovative and concrete solutions to reduce the environmental footprint of human activity around the world.
Eligibility Criteria
- The Competition is open to any legal person, a university, a governemental / regional / local organization, a for-profit organization (limited liability company, partnership …) or a not-for-profit organization (foundation, NGO, association …).
- No individual or entity may register more than once (for example, by using a different username/email). Multiple registrations for an applicant using multiple identities are not allowed.
- FAMAE reserves the right to reject the Application of a Candidate if, in its sole discretion, the laws of the governing jurisdiction applicable to the Candidate would prohibit or limit the Competition Sponsor from proceeding with the Competition as intended or the consideration or making of any Award would impose additional administrative, tax, operational, or legal burdens on the Competition Sponsor.
- Ineligible persons or entities:
- Neither Famae Team members nor Jury members are permitted to participate either directly or indirectly with any Candidate submitting a Project; any such participation will disqualify the related Application.
For more information, visit:
https://famae.earth/en/sustainable-innovations-challenge-2021