The BRICS Young Innovators Prize Competition 2023 is now accepting applications. The BRICS Young Innovator Prize is an honor given to young, brilliant businesspeople and academics whose remarkable ideas (inventions, goods, apps, and services) will have a significant influence on the socioeconomic, environmental, and quality of life conditions in BRICS communities. Young scientists and entrepreneurs from the BRICS countries may share their best practices for innovation and entrepreneurship through the BRICS Young Innovator Prize.
During South Africa’s BRICS Chairship in 2018, this program was launched. The BRICS Young Innovator Prize has successfully been hosted in five iterations, and it has grown into a significant platform for BRICS youngsters to showcase their creative skills and deepen interactions and collaboration.
The winner of the Young Innovator Prize will be granted through contests among the youths from BRICS countries. The upcoming 6th BRICS Young Innovator Prize will be convened in-person as part of the 7th BRICS Young Scientist Forum which will be held from July 31, until August 3, 2023 in South Africa.
Prizes:
- First Place – $25,000
- Second Place – $15,000
- Third Place – $10,000
Eligibility:
- The Innovations shall focus on the following 5 thematic areas:
- Modernizing manufacturing;
- Modernizing agriculture;
- Modernizing mining;
- Digital and Circular economies;
- The innovations should emanate from universities, research institutes or registered enterprises in line with a BRICS member country’s law;
- The project must be innovative and has been transformed from scientific and technological achievements;
- The innovation should be in a phase of limited product testing, discontinuous production, certification, or preparation of the product for market;
- The innovation should not infringe upon the intellectual property of any third party and the Intellectual Property Rights (including patent, standard, thesis, etc.) and must be owned by the project team members;
- The age of applicant must be under 40 years and a citizen of a BRICS country – Brazil, Russia, India, China, and South Africa.
- Each applicant can only choose to compete in one project field for the awards.
Assessment Criteria:
- Social impact;
- Process Improvement;
- Contribution to Industry Competitiveness;
- Potential to replicate within BRICS member States and beyond; and
- Novelty
Application:
All applications are to be submitted by email to brics@tia.org.za by May 26, 2023 at Close of Business (16h00 CAT), with all supporting documents as per the application template.
