US$256K up for grabs in Siemens Stiftung competition

Developers can now submit their technological products and solutions for the Siemens Stiftung competition.

Dubbed the ‘Empowering People Award’, the competition is aimed at awarding top innovators in the categories of Information and Communication Technology, Water and Waste Water, Energy, Food and Agriculture, Waste Management and Recycling, Healthcare and Housing and Construction.

The main objective of the competition, which attracts developers from across the world, is to make the innovations presented more easily accessible to practitioners and to empower more people to improve the social and economic environment. The entrants and their projects will, at the same time, become visible to international partners and investors.

The Siemens Stiftung dedicated about 200,000 EUR (US$256,000) to the best 23 entries to be awarded at the awards ceremony in June 2013. For the overall winner, a sum of 50,000 EUR (US$64,000) is up for grabs. The second prize is valued at 30,000 EUR (US$38,000), the third at 20,000 EUR (US$25,600) and a further 5,000 EUR (US$6,400) will be awarded to 20 runners up.

Ulrike Wahl, Managing Director of the Siemens Stiftung said: “As a foundation active in projects extending basic services to those in need, we are convinced that technological solutions are a key lever to sustainable development.”

The submitted entries will also be used to form the basis of a long-term knowledge database. Innovators need not worry about their intellectual property rights, as this issue has been addressed, with the competition stating “all intellectual properties will remain with the developer/ developing team.”

The deadline for the submission of ideas and innovations is on December 31, 2012 at 12pm (EST).

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