Submission of proposals:
The submission of proposals will follow a 2-stage procedure. First stage submissions include an online template that asks for a brief description of the innovation, its business perspectives, and the innovator 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
- Networking: participation in the Investor Forum 2025
- Training: individual and group pitch training for preparation of your Investor Forum 2025 pitch
- 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 “Special Impact” are endowed with cash prizes amounting to 5,000 EUR each.
Schedule:
Launch of the 2025 Innovation Challenge: November 19th, 2024, 3:00 p.m. CETDeadline for first stage submission: March 3rd, 2025, 0:00 a.m. CET
Deadline for second stage submission: April 30th, 2025, 0:00 a.m. CEST
Jury Evaluation: May 6th, 0:00 a.m. CEST – June 16th, 2025, 0:00 a.m. CEST
Finalist announcements: after June 25th, 2025
Finalist pitch training: July-September 2025
Launch of the 2025 Innovation Challenge: This years Innovation Challenge Award Ceremony is scheduled to take place at the 2025 ISC3 Investor Forum in winter. Further information will be disclosed in due time.