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Prize Purse
NickAzer
Posts: 219 ✭✭
Our design team has identified a potential prize purse breakdown for this competition.
To incentivize teams and their innovations through the competition phases, we are looking at five $200,000 milestone awards for prototypes towards commercial trials and a $7 million prize total, in support of teams' pilot production set up:
TOTAL PRIZE PURSE: $7,000,000
The grand prize breakdown we propose is this:
TOTAL GRAND PRIZE PURSE: $5,000,000
MILESTONE PRIZES: $1,000,000 total; initial milestone prizes of $200,000 each to the 5 teams who are selected to advance to the final round. (See preliminary timeline below:)
What feedback do you have on these amounts and this breakdown? How do you feel about the milestone prizes (which often help teams get to that ‘next level’ in their development)?
Please add any thoughts, ideas, or suggestions in the comments below!
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Also, below is more info on our testing criteria (as pertaining to the timeline above):
Testing Phases
Phase 1: film for 2 food applications: fruit/veg + animal-based
Phase 2: pouch for 3 food applications: fruit/veg + animal-based + dry produce
Prize Criteria & Testing Parameters
Compostable/Biodegradable biobased
Looking forward to all of your feedback on these key elements of the competition! Please let us know if you have any questions.
To incentivize teams and their innovations through the competition phases, we are looking at five $200,000 milestone awards for prototypes towards commercial trials and a $7 million prize total, in support of teams' pilot production set up:
TOTAL PRIZE PURSE: $7,000,000
The grand prize breakdown we propose is this:
TOTAL GRAND PRIZE PURSE: $5,000,000
- 1st Place Prize: $3,000,000
- 2nd Place Prize: $1,500,000
- 3rd Place Prize: $500,000
MILESTONE PRIZES: $1,000,000 total; initial milestone prizes of $200,000 each to the 5 teams who are selected to advance to the final round. (See preliminary timeline below:)
What feedback do you have on these amounts and this breakdown? How do you feel about the milestone prizes (which often help teams get to that ‘next level’ in their development)?
Please add any thoughts, ideas, or suggestions in the comments below!
---
Also, below is more info on our testing criteria (as pertaining to the timeline above):
Testing Phases
Phase 1: film for 2 food applications: fruit/veg + animal-based
Phase 2: pouch for 3 food applications: fruit/veg + animal-based + dry produce
Prize Criteria & Testing Parameters
Compostable/Biodegradable biobased
- End of life disintegration, compostability & biodegradation
- Hazard screen
- Mechanical & physical properties
- Migration & scalping tests
- Scalable resource materials
- Machinery output rate
- Renewable and Ethical Resource Material (towards net-positive RRM)
- LCA, Cradle to Gate: Water Use and GWP
Looking forward to all of your feedback on these key elements of the competition! Please let us know if you have any questions.
1
Comments
PS: In the final text for applicants, we might want to indicate what all the acroymns are (RRM, GWT, etc.).
On sustainability criteria, I think it would be good to include (along with GWP and Water), something on Biodiversity. Standard LCA measurements of Biodiversity are limited because they can sometimes miss on-the-ground practices where materials are produced, but would be ok ... perhaps something that focuses more on a combination of Deforestation Risk (see Land Use change discussion) and immediate biodiversity impacts from agricultural production. This could also be incorporated into the "Renewable and Ethical Resource Material" (which is still a bit vague here, though I imagine you're seeing a more complete description behind it), and if so, it should be explicit.
@neillk, while teams may not advance far into the competition, the first stage white paper means to stand as a 'proof of concept', but by this time they will already be in the throws of competing. Would you mind clarifying your comment? Do you mean do a preliminary call to compete and assess submitted budgets in order to identify a suitable prize purse?
@ErnieRogers , completely agree! One of the angles we are looking at for scaling impact activities is consumer awareness and policy advocacy. This can come to fruition in a lot of different ways, one of the ways I am particular keen on is the dissemination of information and deconstruction of dogma that is keeping conventional plastics as the dominant player through social media platforms and influence. Another way that was brought up in conversation with our subject matter experts is a post white-paper showcase where teams with good ideas but low technology readiness level can display their concepts to the industry for exposure, mentorship, etc etc. I would love to see this as a place where high school/university students can be showcased. What ways are you thinking of where we can expose the youth to science/engineering through this competition and inspire them to pursue the field?