Commercialisation of Innovation (Eureka Prizes)

The Eureka Prize for Commercialisation of Innovation is sponsored by Rio Tinto.

Rio Tinto Logo (Eureka Prizes)

 © Rio Tinto

The Rio Tinto Eureka Prize for Commercialisation of Innovation is awarded to an individual, group or organisation for the commercialisation of an innovation within the past 10 years that can be shown to have created significant value within Australia during that time.

PRIZE

$10,000

PURPOSE

Commercialising new knowledge quickly is critical for competitive advantage.

Commercialisation is the key to the reinvention of organisations and the basis for the creation of new knowledge-based enterprises.

The Rio Tinto Eureka Prize for Commercialisation of Innovation seeks to reward those who have successfully commercialised a new idea, knowledge or invention that has created significant commercial value within Australia. Value, in this instance, could include acceptable returns to capital providers, employment creation, payment to local suppliers, taxes to the Australian Government etc.

The Rio Tinto Eureka Prize for Commercialisation of Innovation seeks to reward the creator of the value from the innovation, that is, the entity responsible for the commercialisation of the new idea, knowledge or invention.

Joint applications between the knowledge creator and the commercialisation entity are encouraged. For example, between a scientist and university spin-off company; a joint venture between a university and a corporation; or a successful ARC linkage partnership.

JUDGING CRITERIA

Entries should specifically address how the work entered meets the following judging criteria:

1. Proof of revenue or enhanced profitability since commercialisation

2. Evidence of reinvestment in Australia

3. Demonstration of ongoing commitment to Australia

4. Demonstration of commitment to social and environmental best practice. For example best practice in safety, product stewardship, environmental sustainability, social responsibility etc.

5. Quality of Assessor Reports

CONDITIONS OF ENTRY

The prize is open to individuals, groups or organisations.

Entrants can either enter themselves or be nominated by others. If nominating an entrant, please ensure that they have the opportunity to provide input to the documentation in support of their nomination.

The innovation must have been commercialised no more than ten (10) years prior to the closing date of entries.

To be eligible, entries must contain at least one Assessor Report.

You must submit an online entry form including one attachment containing all supporting documentation by 7pm AEST Friday 3 May 2013 to be eligible for this prize. Any entries received after 7pm AEST Friday 3 May 2013 will not be considered. Entries with incomplete sets of supporting documentation will not be considered. Submitted material will not be returned. Hard-copy applications will not be considered.

The activity entered/nominated for this prize may not be entered/nominated for another Australian Museum Eureka Prize in the same year.

The deliberations of the judging panel remain confidential. All recommendations and decisions taken are binding and final and no correspondence will be entered into on such matters.

The judges reserve the right not to award the prize if, in their view, the quality of entries is insufficiently meritorious.

Information provided by the entrant(s) in relation to the Australian Museum Eureka Prizes (including photos), may be used by the Australian Museum and/or Rio Tinto for promotional/publicity purposes. This may include, and is not restricted to, the information being used on websites, social media, printed material, advertisements, press releases etc. Entrants may also be asked to be involved in additional promotional activities.

Personal information provided to the Australian Museum Eureka Prizes can be used by the Australian Museum and Rio Tinto, however such use will be only in connection with the Australian Museum Eureka Prizes.

No entries will be received or considered after the close of entries. If you experience issues in uploading your entry or have concerns about what has been uploaded, you must contact the Australian Museum Eureka Prizes on 02 9320 6483 or eureka@austmus.gov.au before the close of entries. The Australian Museum Eureka Prizes cannot modify or add to an entry (including Assessor reports) after the close of entries.

Failure to meet these Conditions of Entry will automatically disqualify an entry.

HOW TO ENTER

1. You must prepare one (1) document that contains the following information:

a. Activity summary: an account of the commercialisation process from conception to market, describing how it was achieved (two page maximum)

b. Judging criteria: a brief description of how the entrant's activity addresses each of the judging criteria (two page maximum)

c. Assessor reports: a minimum of one (1) and a maximum of four (4) written reports addressing each of the judging criteria from assessors who are familiar with the entered research (two page maximum per report). NOTE: Judges rely on assessor reports to provide additional perspective and informed opinion on entries. Therefore, assessors should not be personally or directly involved in the activity entered in this prize.

This document can be uploaded in Microsoft Word (.doc or .docx) or Adobe Acrobat (.pdf) format.

2. Submit an online entry form by 7pm AEST Friday 3 May 2013.

Complete the online entry form which must include your supporting document and submit by 7pm AEST Friday 3 May 2013.

When you have successfully uploaded your entry you will receive confirmation via email. If you do not receive this confirmation, or if you require further information or assistance, please call the Australian Museum Eureka Prizes on 02 9320 6483 or email eureka@austmus.gov.au.


Kea Lambert , Project Officer, Eureka Prizes
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