CIT Prize For Innovation
Run in association with the Cork Enterprise Board, the CIT Prize for Innovation awards those whose inventions and business ideas are judged most creative, novel, innovative, and likely to succeed in the marketplace. This prize is open to all departments and entrants may use a project that forms part of their coursework for the year. Entrants must be full-time or part-time students at CIT during the current academic year. Postgraduate students are also eligible. The adjudication panel comprises experienced engineers, inventors and business professionals. While it is not an official requirement, teams comprising members from differing disciplinary backgrounds are encouraged.
There is an overall prize awarded to the CIT Entrepreneur of the Year, while other awards include Most Technically Innovative, Part-time Student Award, Best Business Plan and Best Exhibition Stand on Innovation Day. 2010 also saw the presentation of an award for Best Innovation in an Emerging Space, the first time that this accolade was on offer at the event.
Each year, the awards are accompanied by a series of cash prizes. In 2010, a total prize fund of €10,000 was allocated by the Cork Enterprise Board. The Cork Enterprise Board endeavors to foster an entrepreneurial environment whereby more and more people will consider self-employment as a career option. In pursuit of this objective the Board has identified an interactive Enterprise Initiative.
Read more about this topic: Cork Institute Of Technology
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