Competition terms and conditions
The aim of the Lund University and Sparbanken Skåne’s Prize for Future Innovations is to promote an innovation-friendly culture within the University, and to encourage more new ideas that can lead to future innovations. We welcome ideas and projects within all disciplines.
Who can apply?
Only employees and students of Lund University can apply for the award.
If you are several people involved in one idea, at least one of you must be an employee or student at Lund University.
If the group represents both competition categories, you will compete in the Employee category. If one of you has conducted doctoral education at Lund University or any other university, you also belong to the Employee category.
You are allowed to compete with the same idea several times unless the idea has been one of the winners in previous years.
You are entitled to compete if you are an employee at Lund University by the time of application. Researchers working at the Skåne University Hospital but affiliated with Lund University may also participate in the competition.
Students competing must have completed at least 1 ECTS credits at Lund University during the academic year of 2019/2020 or 2020/2021. Doctoral students belong to the Employee category.
The prize amounts to a total of SEK 400 000, and will be distributed as follows:
One award of SEK 100 000.
Two honorary awards of SEK 50 000 each.
One award of SEK 50 000.
Two honorary awards of SEK 25 000 each.
Future Innovation for Social Change
One award of SEK 70 000.
One award of SEK 30 000.
The prize is awarded in the form of a grant allocated to the main applicant and is normally not subject to tax. The grant is to be used to develop the idea described in the application. The prize is funded by Sparbanken Skåne through its owner foundation, Sparbanksstiftelsen Finn.
Winners are not required to report back how the grant was used; however, we would like to receive a summary of the grant’s impact on the idea or project within the year of receiving the award.
We are looking for ideas that have not yet been realised. Perhaps you have a promising research finding or a solution to a problem that you have been pondering or working on for a while. The definition of what qualifies as an idea is not crystal clear – but you are not to have made any money from it yet.
The assessment of ideas will focus on:
- Innovation level and/or innovative value – how unique and pioneering is the idea? What value and what impact does it have for society?
- Commercial possibilities and/or societal benefit – the idea does not need to have financial profit as a goal, but there must be a plan for how to make it vital and viable long-term.
- Sustainability – does the idea aim to meet any of the global sustainability goals? How does it relate to economic, social and ecological sustainability?
To award the prize for Future Innovation for Social Change, we will also be looking for ideas that challenge traditional systems and methods to bring about social change.
Because the person or people behind an idea or project are always crucial to its success, the final selection of grant recipients will be based on interviews with shortlisted candidates by representatives from the jury. These interviews will take place in the beginning of February 2021.
All grant recipients will have an opportunity to present their ideas in some form at the award ceremony held in March 2021.
In order to select the winners, we have a jury with experience in entrepreneurship, sustainability, social innovations, investment, and company-building.
Bo Göransson, Associate Professor, Department of Business Administration
Cecilia Lagerquist, Sparbanken Skåne
Charlotta Falvin, Board Professional
Eva Vati, CEO & founder of VATI of Sweden (UN Global Goals Certified)
Kristina Jarring Lilja, Professional Board member & Trust specialist
Nicholas Jacobsson, Senior Innovation & Business Advisor SLU Holding
Sara Thiringer, Student representative of LU Holding's board
Sarah Fredriksson, Entrepreneur & CEO of Aquilion
What will happen to my idea?
All applications are treated as confidential. Competing in this contest does not come with any obligations, and does not entail that you hand over your idea to Lund University.
- Apply before 8 December, no later than 24.00.
- Select category, Employee or Student.
- Interviews of shortlisted participants will be held during early February 2021.
- Award ceremony in March 2021.