The uptake of R&I results created under the Framework Programme is important for the programme’s success and is instrumental in contributing towards transformative impacts on the economy, society and policymaking.
To illustrate the wider socio-economic benefits of the EU investment in R&I and to encourage project beneficiaries to best manage and utilise their research results, the Commission awards on an annual basis a recognition prize for rewarding beneficiaries that have successfully demonstrated effective exploitation and uptake of their projects' R&I results.
In particular, five winners will be selected by the evaluation jury for their achievements. The prizes are monetary and each of the five winners will receive EUR 10.000. The prizes will be awarded during the Award Ceremony with a selected audience of high-level representatives and promoters of innovation in industry and public sector.
The specific rules of the contest will be published in 2019 by the European Commission[[On the Participant Portal but also actively publicised elsewhere to maximise participation.]], which will directly launch and manage the contest and award the prizes based on the judgement of independent experts.
With this award, the Commission aims to champion the uptake and use of EU funded project results, thus boosting their potential to achieve economic societal, and/or policy impacts. It is expected that the award, through showcasing best practices, will create role models and inspire R&I beneficiaries to use their research results to create value for the society at large.