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    EIT Awards 2016

    Call for Nominations for the EIT

    Venture Award

    European Institute of Innovation and Technology (EIT)

    www.eit.europa.eu

    The EIT is a body of the European Union

    00508.EIT.2015.D.JP

    http://www.eit.europa.eu/

  • EIT Author Date: 8/24/2015

    Contents 1 Introduction - Background ...................................................................................................... 0

    2 Objectives ............................................................................................................................... 0

    3 Timetable ................................................................................................................................ 1

    4 Prize ........................................................................................................................................ 1

    5 Admissibility Requirements ..................................................................................................... 2

    6 Eligibility Criteria ..................................................................................................................... 2

    7 Exclusion Criteria .................................................................................................................... 2

    7.1 Exclusion from nomination ............................................................................................... 2

    7.2 Exclusion from award ....................................................................................................... 3

    7.3 Evidence provided by supporting documents................................................................... 3

    8 Selection Criteria ..................................................................................................................... 4

    8.1 Criteria .............................................................................................................................. 4

    8.2 Evidence provided by supporting documents................................................................... 4

    9 Award Criteria ......................................................................................................................... 5

    9.1 Criteria .............................................................................................................................. 5

    9.2 Evidence provided by supporting documents................................................................... 6

    10 Legal commitment .................................................................................................................. 6

    11 Publicity .................................................................................................................................. 6

    11.1 Publicity prior to the EIT Awards event ............................................................................. 6

    11.2 Publication of prize-winner ............................................................................................... 7

    12 Data protection ....................................................................................................................... 7

    13 Procedure for the submission of Nominations ........................................................................ 8

    14 Award process ........................................................................................................................ 9

  • EIT Author Date: 8/24/2015

    1 Introduction - Background In order to promote an entrepreneurial mind-set and a risk-taking culture within the EIT’s

    Knowledge and Innovation Communities (KICs), the EIT introduced the EIT Entrepreneurship

    Award in 2012. This award was presented to three successful ventures that had benefitted from

    each KIC’s business creation support activities.

    In 2013, the EIT further developed the concept of the EIT Award. The ‘EIT Entrepreneurship

    Award’ was renamed to ‘EIT Venture Award’. The ‘Change Agents and Next Generation of

    Entrepreneurs Award` (EIT CHANGE Award) was introduced to incentivise entrepreneurship-

    driven innovation at EIT-KIC student and alumni levels.

    In line with the EIT’s vision to gradually extend the EIT Awards and cover the three main EIT-KIC

    activity pillars of business creation, education and innovation, the EIT introduced the ‘EIT

    Innovators Award’ in 2015 to present highly successful innovation teams of the EIT-KICs.

    As of 2015, the EIT Awards thus comprise the EIT Venture Award, the EIT CHANGE Award, and

    the EIT Innovators Award.

    2 Objectives The objectives of the EIT Awards are to promote innovation and encourage entrepreneurship by

    putting the most innovative ventures, entrepreneurial graduates, and innovation teams emerging

    from the KICs in the spotlight and to create role models to drive future change.

    The EIT Venture Award puts successful entrepreneurial start-ups that have been supported by the

    KICs through a dedicated business creation or business development process in the spotlight1

    Within the EIT Community, the EIT Awards play an important role in celebrating achievements

    and success, identifying role models and increasing opportunities for the further development of

    the EIT Award winners.

    1 In showcasing the entrepreneurial outputs of the KICs, the EIT Venture Award promotes the business creation activities of KICs.

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    3 Timetable

    4 Prize The EIT Venture Award winner will benefit from:

     An increased European-wide promotion of its business and the prerogative to use the

    label “EIT Venture Award Winner” in their profiling and marketing activities;

    Activity Deadline Comment

    Publication of the call for

    Nominations

    20 October 2015 On EIT website

    Deadline for submitting

    applications

    30 November 2015 Nominees send application and

    documentation to KICs (SPOCs)

    Assessment and selection of

    nominees by KICs

    5 December 2015 KICs carry out selection and provide the

    EIT names of nominees and all

    documentation required by 16

    November

    Evaluation by EIT 9 December 2015 Check on completeness documentation

    and whether the candidates meet the

    eligibility, non-exclusion and selection

    criteria

    If relevant: KICs will be given

    opportunity to provide missing

    information or new nominees

    14 December 2015

    Formal publication of nominees 21 December 2015 On EIT website

    Communication campaign 21 December 2015 – July

    2016

    Award decision 25-26 April 2016 During EIT Award event, prior to

    announcing the winner of the Award

    EIT Award 2016 Event 25-26 April 2016

    Provision of prize 24 June 2016 (tentative)

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     A monetary prize of €50,000.

    5 Admissibility Requirements Applications must be

     Sent no later than the deadline for submitting applications referred to in section 3;

     Submitted in writing (see section 14), using the application form;

     Drafted in English

    Failure to comply with those requirements will lead to the rejection of the application.

    6 Eligibility Criteria The applicant venture:

     Is legally incorporated at the competent national authority of its country of establishment

     Is legally registered at the competent Chamber of Commerce (if mandatory in accordance

    with the applicable national law).

    The evidence to be provided by the venture as part of the application package consists of its

    Registration Certificate, its Statutes and a Declaration of Honour

    7 Exclusion Criteria

    7.1 Exclusion from nomination

    Applicants will be excluded from participating in the call for proposals procedure if they are in any

    of the following situations in accordance with Article 106 of the Regulation (EU, EURATOM) No

    966/2012 of the European Parliament and of the Council:

    1. they are bankrupt or being wound up, are having their affairs administered by the courts, have entered into an arrangement with creditors, have suspended business activities, are the subject of proceedings concerning those matters, or are in any analogous situation arising from a similar procedure provided for in national legislation or regulations;

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    2. they or persons having powers of representation, decision making or control over them have been convicted of an offence concerning their professional conduct by a judgment of a competent authority of a Member State which has the force of res judicata;

    3. they have been guilty of grave professional misconduct proven by any means which the contracting authority can justify including by decisions of the EIB and international organisations;

    4. they are not in compliance with their obligations relating to the payment of social security contributions or the payment of taxes in accordance with the legal provisions of the country in which they are established or with those of the country of the RAO or those of the country where the grant agreement is to be performed;

    5. they or persons having powers of representation, decision m