"2025 Innovation Prize is accepting the top-notch ideas; deadline for submission is November 15, 2024, as announced by Schmitt."
The Rhineland-Palatinate Innovation Prize, now in its 37th year, is gearing up for its next edition in 2025. Economy Minister Daniela Schmitt is spearheading this competition that honours the most innovative products, processes, and services in the state.
This prestigious award has three categories: "Company", "Craftsmanship", and a special Minister of Economy's prize for "Innovations for Agriculture". The competition is open to all small and medium-sized enterprises (SMEs) with their registered office or location in Rhineland-Palatinate that develop, manufacture, deploy, and market innovative products, processes, or services there.
The deadline for SMEs to apply for the award is November 15, 2024. Interested parties can find information and apply online at innovationspreis.rlp.de.
The jury will evaluate entries based on various factors, such as the effort of innovation in relation to company size, economic significance, employment effect, revenue increase, relevance for other areas, environmental relevance, social significance, societal benefit, and special challenges in advancing compared to the state of the art.
The award is endowed with a total of 60,000 euros. The awards ceremony is scheduled for spring 2025, with Minister Schmitt looking forward to the event.
General knowledge suggests that innovation awards from German states like Rhineland-Palatinate typically require applicants to demonstrate innovative technological or scientific solutions with market potential, headquarters or significant activity in Rhineland-Palatinate, and possible sectors including technology, green energy, manufacturing, digitalization, or other innovative fields. Evaluation often involves expert juries assessing innovation degree, economic impact, sustainability, and implementation feasibility.
Since no explicit 2025 criteria or processes are listed in the search results, it is recommended to consult official Rhineland-Palatinate government or innovation promotion websites directly for the most accurate and updated information about the Innovation Award 2025.
- The competition, open to SMEs in Rhineland-Palatinate, invites submissions from businesses operating in various sectors, such as finance, other industry, and agriculture.
- The jury for the Innovation Prize will assess entries not only on factors like innovation degree, economic impact, and sustainability, but also on the relevance of the innovations for other areas, including business and finance.
