TUM IdeAward Terms and Conditions of Participation
1. Entry Conditions and Restrictions
- The IdeAward is for scientists and graduates of the Technische Universität München (TUM) in respect of technologies and ideas from science and research.
- Participation in the competition can be as an individual or team. Each person and team may only submit one idea.
- A team may be composed of a maximum of 50% students or 50% external members.
- Ideas that have already been implemented in existing companies or companies where related business activities have already been initiated, are excluded from entry. This condition also applies where the company was founded outside Germany.
- Reapplication is possible.
- Founding may not take place until the prize is awarded.
The organizers of the IdeAwards are the Technische Universität München, UnternehmerTUM GmbH, and the Zeidler Research Foundation, henceforth referred to as the “organizers”.
3. Registration and Application Phases
- To participate in the IdeAward, an application is required.
- The application proceeds in two phases:
In the first phase, from 15.06. – 15.07.2018, a brief description of the idea is to be submitted through the online form on the IdeAwards website www.tum.de/ideaward. After the initial selection, the best ideas and projects are admitted to phase 2.
The selected teams will be invited, between 05.08.2018 – 15.09.2018, to submit the following documents and take note of the following dates:
- Deadline between 05.08.2018 – 25.08.2018 with TUM ForTe patents and licenses to satisfy patenting requirements.
- A properly formulated ten-page draft of the idea
- CVs of the team members as an attachment to the idea draft
- A profile sheet on the idea will be presented (Format: DIN A0; this should function as a teaser, and not be a promotional poster).
- The final version of the profile sheet with patents and licenses must be agreed by the beginning of November, before publication at the awards ceremony.
Other attachments will not be considered. The submission of the draft of ideas is made by shipping as a PDF file to the email address: email@example.com.
- Throughout phases 1 and 2, all teams should be available to answer any questions by phone or email.
- The formalities and content which must be observed when preparing the competition entry are detailed on the registration form on the IdeAwards website at www.tum.de/ideaward.
- The following formalities apply for submission of competition entries: Arial font, font size 11, 1.5 line spacing.
- Only competition entries filed to deadline in the given periods of Phase 1 and Phase 2, and which are formally correct and on the specified media will be considered.
- Competition entries will not be returned after the competition close.
4. Awards and Prizes
- The ideas drafts submitted in Phase 2 will be put before a jury. Drafts will be evaluated by the jury in four categories: Innovation content and state of the art, market and competition, team, and prospects for implementation. In addition, all Phase 2 participants will present their ideas to the jury members orally in a short presentation, followed by a question and answer session. The presentation also forms part of the evaluation of ideas.
- The composition of the jury will be announced at the short presentation.
- The award for the three best ideas will be held in November 2018. For the first place entry, a money prize of € 15,000.00 will be awarded. The second place entry will receive € 12,500.00, and third, € 10,000.00.
- The three winners of the IdeAwards will also receive individual consultancy services from TUM Start-up Consulting. These are provided as part of a start-up roadmap for the development of the ideas.
- The prize money is to be used for the further development of the idea. It is normally paid out in two stages. The first half of the prize money will be paid out directly after the ceremony, the second half after the interim presentation.
- By accepting the prize money, the teams commit to holding an interim presentation for representatives of the organizer, approximately 3 months after the award, and a final presentation to present the project's progress after 6 months.
- In the absence of prize-worthy entries, the awards ceremony will be waived.
5. Cancellation of Competition
The organizers reserve the right to cancel the contest without prior notice or obligation. Participants retain no claims to any specific prize.
6. Confidentiality and data protection
- The ideas and documents submitted by the contestants will be treated confidentially and used exclusively for the purposes of the competition.
- The participants agree that their submitted documents and data will be forwarded to the jury. In addition, the organizers agree not to redistribute the submitted short descriptions and idea drafts to third parties without the consent of the participant. This applies both to the duration of the competition as well as the period thereafter.
- Competitors consent to the publication (TUM publications, press releases) of the submitted ideas admitted to Phase 2.
- All documents and data, if not permission is not explicitly refused, will, after the conclusion of the competition, be included in the database of the TUM start-up network for the purpose of possible subsequent contact. In the event of refusal of permission, the data will be deleted after the contest.
- The organizer shall be liable to the competitors for damages only if they have been caused intentionally or through gross negligence. Liability for lost profit is excluded. The limitations do not apply for damages resulting from injury to life, limb, or health.
- Participants exempt the organizer from all possible claims by third parties that could be derived from any violations of copyrights, industrial property rights, trade secrets, or other rights due to the documents submitted.
- The organizers assume no liability for the correctness of the statements made by judges and other persons participating in the competition.
- Ideas and inventions that have arisen in the course of employment at TUM are to be treated in accordance with the TUM IP Policy (Intellectual Property Strategy) (see also: www.forte.tum.de/technologietransfer/tum-patentpolitik/)
- The judges’ decision is final.
- Should individual provisions of these terms and conditions of participation be or become wholly or partly invalid, the validity of the remaining provisions shall not be affected.