The initiative, jointly launched by the Bavarian Ministry of Economic Affairs, the Association of Bavarian Chambers of Industry and Commerce, and the Association of Bavarian Chambers of Skilled Crafts, will again present the Bavarian Innovation Prize in 2024. The award has been presented every two years since 2012 in recognition of outstanding innovative achievements.
A total of up to seven main and special prizes will be awarded. These are honorary prizes that carry no financial reward. The prize consists of a certificate and a sculpture and is expected to be presented in Munich in mid-October 2024. In addition, all award winners will receive their own short film, which will be shown during the awards ceremony and subsequently distributed to the companies for promotional purposes.
At the last awards ceremony in 2022 The Munich startup was able to Munevo prevail against the competition in the special category “Startup”.
Application period for the Bavarian Innovation Award runs until 21 January
Interested entrepreneurs can submit their applications exclusively online from November 6, 2023, to January 21, 2024. The relevant Chamber of Commerce and Industry or Chamber of Crafts will then review the applications received.
All companies with headquarters or a branch in Bavaria and who have developed innovative products, processes, or innovative technology-oriented services there are eligible to participate. These products must already be available on the market, and their market launch must have been no more than four years ago. In addition, the following criteria apply to the individual special prizes:
- Companies with fewer than 50 employees: Independent companies that are considered micro or small enterprises according to the European Union definition (fewer than 50 employees and an annual turnover or annual balance sheet total of less than EUR 10 million).
- Startup: Independent companies that are no older than five years at the time of submission.
- Cooperation “Business and Science”: The subject of the application was developed in close cooperation with a research institution or university that is (preferably) based in Bavaria.
- Special Jury Prize: The jury may award a prize to a company that has made a particularly significant contribution through an outstanding innovation.
