The Swiss Innovation Prize Competition, now in its second year, fosters innovation and supports new ideas with the potential to drive economic growth and improve society. This platform allows young scholars, entrepreneurs, startups, and researchers to showcase their solutions and secure initial funding. Participants can also access mentorship, internships, and resources to help advance their projects into meaningful endeavors.

OBJECTIVES

• Promote a culture of innovation in the Philippines by drawing inspiration from Switzerland and elsewhere.
• Showcase innovative solutions of Swiss companies in the region.
• Support the development of new ideas that have potential to benefit people, environment, and economy.
• Bridge industry and academe in ensuring steady supply of globally competitive talents for economic development

ELIGIBILITY

• The competition is open to undergraduate and graduate students, early researchers, entrepreneurs, and start-ups based in the Philippines who have innovative ideas or projects that could contribute to economic development and societal improvement.
• Individuals and teams can participate, but teams should not exceed three (3) members.
• Participants must be between 18- 30 years old.

EVALUATION CRITERIA

1.  Potential Impact: The extent to which the proposed solution can address significant societal or environmental issues, and the potential for economic growth.
   
2. Novelty and Innovation: The extent to which the idea or solution is new and innovative, as opposed to incremental improvements on existing solutions.
3. Feasibility: Whether the idea or solution can be realistically developed and implemented within a reasonable time frame and budget.
4. Sustainability: Whether the idea or solution considers environmental, social and economic sustainability.

PRIZE

1st

•  Financial reward of PHP 100,000.00
•  Mentorship with the possibility of employment subject to policies of participating Swiss companies.
• Company visits of participating Swiss companies.
• Features in the business journal of the Swiss Chamber of Commerce of the Philippines and the Embassy of Switzerland in the Philippines.
• Other resources to help bring their innovative ideas to industry.

2nd

• Financial reward of PHP 50,000.00
• Internship opportunities in participating Swiss companies.
• Company visits of participating Swiss companies
• Features in the business journal of the Swiss Chamber of Commerce of the Philippines and the Embassy of Switzerland in the Philippines.
• Other resources to help bring their innovative ideas to industry.

3rd

• Financial reward of PHP 30,000.00
•  Company visits of participating Swiss companies
• Features in the business journal of the Swiss Chamber of Commerce of the Philippines and the Embassy of Switzerland in the Philippines.
• Other resources to help bring their innovative ideas to industry.

Official flyer (PDF, 1 Page, 884.8 kB)

Application process, criterias and categories, mechanics (DOCX, 3 Pages, 133.1 kB)

KEY DATES

Deadline of entry submissions - 30 August 2024

Notification results - 21 October 2024

Final Round - 20 - 22 November 2024

• Deadline of entry submissions - 30 August 2024
• Notification results - 21 October 2024
• Final Round - 19 - 21  November 2024

*Finalists will be invited to Manila for the final pitch and other activities.