You can visit our EIT Raw Materials website for more information.
New business models that foster repairing, reuse and sharing, are an essential part of the Circular Economy, specifically in European cities, where on the one hand most of the material- and energy throughput occurs and on the other, innovative solutions can be rolled out best due to the inherent characteristics of the urban form (i.e. large availability of materials, high population density and urban consumption patterns).
The main objective of the Raw Materials and Circular Society Prize will be to support the implementation of new ideas for these business models.
Topics of interest:
This call is specifically focused on ideas for “new” business models supporting the efficient implementation of the Circular Economy in Europe; ideas in the following themes are expected:
- Sharing economy/Sharing platforms
- Circular products, products designed for circularity (so easy to repair, reuse or recycle)
How does it work?
The application procedure is the following:
- Online application: Applicants must present by 31 May 2020 an online application form and a 2-page idea description where they should illustrate: the problems they address (market needs), technological solution, novelty, team composition and expertise, estimate time to market.
- First screening phase performed by an expert panel composed by EIT RawMaterials, ICLEI, RREUSEand VEOLIA (POP Up Program) to assess the alignment of the application with the underlying objectives of the challenge: the 5 best applications passing this screening will be invited to pitch their idea to the Jury. Notification to shortlisted candidates will be sent during July 2020.
- Pitching contest: shortlisted candidates will pitch to the Jury panel composed of experts from EIT RawMaterials, ICLEI, RREUSE and VEOLIA (POP UP Program). The jury panel will rank the pitched ideas according to the evaluation criteria described in the next section. The pitching ceremony will be held in October 2020 (venue and exact date to be communicated later to selected candidates).
If there are less than 5 applications, there will not be a pre-selection phase: all the applications will pass directly to the pitching contest (Phase 3).
The pre-selection panel and jury usually have a different composition, but jury members may participate in the pre-selection panel.
Read more about the rules of the prize here.
What is the timeline?
- Deadline for submitting business ideas: 31 May 2020 at 23:59 CET
- Selection of ideas and notification to acceptance/rejection: during July 2020
- Preparation for pitching contest: from August 2020 to 15 September 2020
- Pitching session and Award ceremony: October 2020 (exact date and location to be communicated later).
What is the prize?
- Financial award of EUR 30.000 lump sum for the first prize;
- Financial award of EUR 20.000 lump sum for the second prize;
- Financial award of EUR 10.000 lump sum for the third prize.
Additionally, prize laureates will receive support to access EIT Raw Materials Entrepreneurship programs
Who can apply?
The contest is open to any legal entity (including natural persons) or group of legal entities established in an EU Member State or in a country associated to Horizon2020. Typically, the following entities may apply:
- SMEs having innovation projects relevant to the challenge topics defined above;
- start-up or spin-off companies at least registered at the time of the application;
- Natural persons or group of natural persons resident in an EU Member State.
In case of joint applications by a group of participants, the participants must appoint a 'lead participant' to represent them towards the EIT RawMaterials. The participants will be jointly responsible and must all fulfil and respect the conditions set out in these Rules of the Challenge. Applications must be submitted by the (lead) participant.
More specific requirements can be found in the Rules of the prize.