BRICS Young Innovators Prize Competition 2023 for Entrepreneurs and Researchers

The BRICS Young Innovators Prize Competition 2023 for Entrepreneurs and Researchers aims to celebrate the accomplishments of young innovators and entrepreneurs who have created inventions, products, applications, and services that will have a substantial positive impact on the social, economic, and environmental conditions of BRICS nations. It provides a platform for BRICS youth to share their pioneering work in innovation and entrepreneurship.

In 2018, South Africa’s BRICS Chairship saw the launch of the BRICS Young Innovator Prize. This prize has been held five times, acting as a platform for BRICS youths to showcase their innovation and foster international collaboration. The winner of the prize is selected through a competition among the youth representatives of the BRICS countries. The 6th edition of the BRICS Young Innovator Prize will be held in person at the 7th BRICS Young Scientist Forum from July 31st to August 3rd, 2023 in South Africa.

In keeping with the custom of prior BRICS Chairships, South Africa will hold a variety of BRICS events in person prior to and after the Summit, including the 6th BRICS Young Innovator Prize.

Eligibility for the BRICS Young Innovators Prize Competition 2023 for Entrepreneurs and Researchers:

Each applicant is limited to participating in one project field for the awards.
The applicant must be under 40 years old and from one of the BRICS nations.
Project team members must ensure that their innovation does not violate any third party’s intellectual property rights (including patents, standards, theses, etc.) and that the intellectual property rights are held by the team members.
The project must be innovative and must incorporate scientific and technological advancements.
The innovation should be undergoing a phase of limited product testing, discontinuous manufacturing, obtaining certifications, or getting the product ready for the market.
Innovations should originate from universities, research institutes, or registered businesses that are compliant with the laws of a BRICS nation.
The Innovations will center around five main topics.

Modernizing manufacturing
Modernizing agriculture
Modernizing mining
Digital and Circular economies

Prizes and Assessment for the BRICS Young Innovators Prize Competition 2023 for Entrepreneurs and Researchers:

The first step in evaluating the applications submitted before 26 May 2023 will be a review of the written documents. Each member state will then suggest applications to compete in the in-person event taking place in South Africa from 31 August to 3 September 2023.
For this round of the BRICS Young Innovator Prize, every project will have 10 minutes to present their proposal to the jury. The jury will then assign a score to each project, and the 10 projects with the highest scores will be selected as award-winning projects, while the remaining projects will be deemed merit projects.

Method of Application for the BRICS Young Innovators Prize Competition 2023 for Entrepreneurs and Researchers:

Applications must be emailed to brics@tia.org.za by May 26th, 2023 at 4:00 PM Central African Time, and must include all documents listed in the application template.

Application Deadline: May 26, 2023.

For more information about this opportunity, Visit the Official Website.

BRICS Young Innovators Prize Competition 2023 for Entrepreneurs and Researchers