About Research, Innovation and Commercialisation
The University of Melbourne is home to some of the best thinkers in the world. The Research, Innovation and Commercialisation team (also called RIC) is there to help transform those ideas into reality. Research, Innovation and Commercialisation experts help translate research into beneficial outcomes for society by supporting researchers along the research, development and partnership continuum, including:
- Help seeking grants and other sources of funding
- Help engaging with industry as partners in research, grants and delivering impact
- Help with ethics approval and research integrity
- Supporting contracts and consultancy
- Assistance identifying and protecting inventions
- Licensing and patenting knowledge
- Supporting partnerships with industry, other research entities, the community, government and not-for-profits
- Assistance with spin-outs and start-ups
About the Prize
The 2021 Research, Innovation and Commercialisation Prize will comprise one prize of $5,000. The prize is awarded to a student project team participating in the 2021 Endeavour Engineering & IT Exhibition. The prize is open to all project teams.
The prize is looking for team who offer genuinely innovative approaches to solving challenging problems and have investigated the potential commercial applications of their final-year project. The application process will help teams develop skills and techniques to complement academic expertise. This broader, complementary set of skills and knowledge better prepare Endeavour teams for their professional careers.
Your application and presentation will be judged by commercialisation experts. Short-listed project teams will have the opportunity to present their application in a live ‘pitch’ to the judging panel at their booths on Endeavour Day.
To apply, submit the completed application form in PDF format via email to email@example.com by no later than 5pm Thursday 16 September 2021.
Your application form should be submitted in PDF format.
Application and judging procedure
- Thursday 16 September 2021
Project teams submit application:
- A maximum three-page response (plus relevant appendices) to the prize judging criteria, using the 2021 Endeavour Prize Application Form.
- Friday 17 September – Wednesday 22 September 2021
Judging panel to shortlist projects.
Short-listed project teams will be notified to assist with preparation for the pitch.
- Monday 4 October – Friday 15 October 2021
Pitching period begins
Short-listed project teams will ‘pitch’ their project in a short presentation to the judging panel via Zoom during this pitching period.
- Friday 15 October 2021
Pitching period ends
- Wednesday 20 October 2021
Winners Announced at the Endeavour Industry & Awards Night
The judging panel is looking for projects with commercial potential and for evidence that the project team has considered this commercial potential. Thus, the prize will not necessarily be awarded to the project with the most sophisticated or innovative use of technology. However, the use of creative engineering design to drive commercial potential is important.
The application should address:
What is the problem to be solved?
Include the relevant context/application addressed.
Address the following:
- Why has the problem not been addressed to-date?
- What alternative solutions/approaches are currently available to address the problem?
- What is the size of the problem, and hence the opportunity?
Provide examples of companies and/or research groups who would compete with you to develop solutions to the problem?
Proposed project solution
Please outline your proposed solution to the problem that you have developed as part of your project, paying particular attention to how it addresses the problem (outlined in 1) compared to available alternatives (outlined in 2) and potential competitors (outlined in 3)
Implementation and translation viability
Please outline how you expect your solution to be taken from its current stage and be implemented to have impact. Where appropriate, outline how users/customers will incorporate your innovation into their existing practices/processes/businesses to realise impact. Include any implementation concerns/risks such as cost, ethical considerations, complexity, competition, or regulation you are aware of and how these may be overcome.
The application quality
The application should be sufficient to readily explain to a non-technical audience the key innovations of the project and the responses to the elements detailed in the above. Use of graphics, images and links to videos or other online material are all encouraged to make it easier for the team to communicate effectively but are not essential. Clarity of message is the primary consideration.
The presentation by short-listed projects
Teams do not need to prepare a special presentation but must be ready and able to use the materials at their display to explain their project, the innovative nature of the technology solution developed and the commercialisation potential they have evaluated for that solution.
Teams will have fifteen (15) minutes with the judges including time for Q&A. The structure of the explanation and which team members are involved is up to the teams to decide. It is not necessary that every team member present but the team should have the most qualified/relevant member answer specific questions.
The judging panel will comprise:
- Leonie Walsh: Director & Founder, Productive Management Solutions, Former Victorian Government Lead Scientist
- Jia-Yee Lee: Enterprise Fellow, Faculty of Engineering and Information Technology, The University of Melbourne
- Brian Pang: Business Development and Research Commercialisation, The University of Melbourne
- Andrew Rudge: Business Development Director, Research, Innovation & Commercialisation, The University of Melbourne
All enquiries can be directed to the Endeavour Management Team at firstname.lastname@example.org.