FIRST.- EDITION.
The Company ENDESA, S.A. (hereafter ENDESA), with registered offices in Madrid, c/ Ribera del Loira, 60, 28042 - Madrid, and tax ID number: A-28023430 and registered in Volume 323, Sheet 1, Page M-6405 of the Madrid Mercantile Registry announces the “NOVARE prizes for energy research and development (R+D)”. The prizes will be a total amount of Euro 2 billion, including tax, divided into four prizes of Euro 500,000 for the winning R&D projects in each of the following four areas of scientific interest: “Clean combustion technologies”, “Renewable energies and new energy sources”, “Intelligent Distribution Networks“ and “Energy Efficiency”.
SECOND.- OBJECTIVE.
The aim of the NOVARE prizes is to encourage the investigative spirit in all energy-related matters within the international scientific community, to help meet the needs of mankind in this area. To this end, ENDESA has decided to use these prizes to promote the development of R&D projects in scientific areas which are of interest to its Technology and Innovation strategy.
THIRD.- PARTICIPANTS.
Any research team from the international scientific community (hereafter RESEARCHER) who has developed a new idea or original concept of innovation (hereafter the PROJECT) relating to technologies applied in any of the areas of the energy industry mentioned above which can be exploited economically and is of clear benefit to the environment and/or society may participate in this competition.
The RESEARCHER is considered to be the research team from any university, research centre, laboratory or academic and/or scientific institution legally represented by a legal entity or group of individuals or institutions, public or private, profit or non-profit making, Spanish or foreign, or any other, with no legal restrictions.
FOURTH.- THE PRIZES.
The prizes will be for a total amount of Euro 2 billion, divided into four prizes of Euro 500,000 for R&D PROJECTS in each of the following three scientific areas of interest:
- Clean combustion technologies: Generation of minimum emissions with maximum efficiency, capture and storage of CO2, capture of SO2, reduction of NOx, capture of particles and heavy metals, Oxycombustion, high-temperature compressors, etc.
- Renewable energies and new energy sources: biomass, wind, PV solar, thermal solar, marine generation, geothermal, biodiesel, bioethanol, hydrogen, nuclear fusion, nuclear fission, etc.
- Intelligent Distribution Networks advanced electricity distribution systems, energy storage, etc.
- Energy Efficiency: management of demand, energy saving, reduction of losses, etc.
FIFTH.- PROPOSALS.
Sufficient relevant information must be presented to carry out a professional assessment of THE PROJECT (hereafter the PROPOSAL). The PROPOSAL will contain the original idea of the PROJECT and consist of a scientific proposition or technological application for the energy industry in the areas described above that represents a significant advance in economic, environmental and/or social terms on solutions currently used in the global industry. PROPOSALS supported by a respected member of the scientific community will be particularly well received.
THE RESEARCHER will ensure that, within the deadlines set and by the means referred to below, ENDESA receives the PROPOSAL containing a plan with a sufficient level of detail to allow the R+D for the PROJECT to be undertaken, its viability to be judged and its subsequent progress monitored.
The PROPOSAL should, therefore, include the following documentation relating to the project:
- Report (format PROJECT_Memory.pdf exclusively): There are no restrictions on the structure of the report but it is recommended that the following information be included: current state of the art, presentation of the technical characteristics of the idea and its possible industrial or commercial applications for the energy industry, necessary planning (time, costs, technical and human resources).
- Curriculum vitae (format PROJECT_CV.pdf exclusively): Of the LEAD RESEARCHER and the team members, for the purpose of allowing a judgment to be made on the professional and technical competence of the persons promoting and developing the new idea. The anticipated roles and time dedicated to the project of the entire team should also be included.
- Funding (format PROJECT_Finance.pdf exclusively): Financial projections, including the budgets for the primary suppositions upon which the PROJECT is based, and a breakdown of the necessary investment and the estimated salaries for the RESEARCHERS. Anticipated impact of the PROJECT’S development, including a suggested marketing and product development plan, with a quantification of the potential market. An investment plan for the prize money, based on a list of landmarks achieved by the PROJECT, is also required.
- Content Control List (exclusively on the indicated website): This should include, in a concise form (less than 256 characters), all the necessary information for the analysis of the PROPOSAL:
- WHAT?
- Name (of the PROJECT)
- Area of interest (specify for which NOVARE prize the project is competing).
- Budget (total required to develop the PROJECT)
- Planning (total time necessary to develop the PROJECT)
- Product or Service (the objective of the PROJECT).
- WHO?
- Name of the Lead Researcher (Contact Person).
- Owner of the PROJECT (University, R&D centre ,…).
- Suppliers (Subcontractors for R+D work).
- FOR WHOM?
- Customers (name possible candidates)
- Investors (name possible candidates)
- Stakeholders (list of possible candidates for involvement).
- WHY?
- Social and Environmental Impacts (of the possible application).
- Commercial Rights (anticipated).
- Growth potential (market prospects)
- Marketing Cost (for new product/service)
- Annual Operating Revenues (new product/service)
- WHERE?
- Location (physical location of R+D work).
- Environment (social, cultural, economic, demographic….).
- Regulations (applicable legislative framework for the PROJECT).
- HOW?
- Current Status (stage of R+D for the PROPOSAL).
- Landmarks (state the most important for the PROJECT):
- Financial Structure (origin and application of funds).
- RISKS?
- Likelihood of Scientific Failure (assessment).
- Planning Changes (comment on possibilities).
- Cost Changes (comment on possibilities).
- Changes in Outcomes (possible changes).
- WHAT?
If any of the basic data required for the PROPOSAL are not provided, or are found to be erroneous, or inaccurate, the PROPOSAL will be deemed invalid and the RESEARCHER will be excluded from taking any further part in this competition.
Any RESEARCHER wishing to take part in this edition of the NOVARE prizes should present all of their PROPOSAL documentation in Spanish or English.
PROPOSALS can be submitted from midnight on 1 April, 2007 up to midnight on 31 July, 2007 exclusively via ENDESA’s website: http://www.endesa.es/.
SIXTH.- COMPETITION
ENDESA will appoint a team of people, (hereafter the JURY), which will begin to analyse the PROPOSALS the day after the closing date for their submission.
The JURY will study all the PROPOSALS received and may request, at any time, additional documentation to help it reach a decision about a PROJECT. The team will analyse the PROPOSALS, assessing the overall quality of the projects in terms of their contributions to Energy Sustainability and Technological Innovation and their Social Benefit.
After looking at the PROPOSALS and assessing their overall quality, the JURY will decide the prize winners according to a majority decision.
The judgement of the Jury will be final and will be issued before 30/10/07. Each participant will be informed of the result.
The JURY may decide not to award any or all of the NOVARE prizes, in the event that the scientific and/or technical interest of the PROPOSALS is insufficient in the view of a majority of the members of the JURY. The decision not to award prizes in any category, rather than resulting in a new competition, may mean that an extra prize is awarded in one of the other categories.
ENDESA reserves the right to cancel the launch of the NOVARE prizes, if in the judgement of the Executive Committee, circumstances arise which make it adviseable to cancel or postpone this competition.
SEVENTH.- SIGNING OF THE COLLABORATION AGREEMENT:
Prizes will be awarded once the RESEARCHER and ENDESA sign a contract, (hereafter the COLLABORATION AGREEMENT), stating the explicit acceptance of the agreement by both parties that the prize money received will be used to develop the PROJECT.
The prize will be paid in successive instalments, as the PROJECT progresses until the sum awarded has been reached, according to the funding requirements identified in the various stages of the PROJECT plan contained in the PROPOSAL. The awarding of the prize does not exclude the RESEARCHER from obtaining any other grant or contribution that is compatible with the principles governing these conditions.
Merely by entering this competition, the RESEARCHER is accepting the surrender of commercial rights deriving from the PROJECT to ENDESA, though the RESEARCHER’S intellectual property rights over the original PROPOSAL idea will still be recognised, details all of which will be included in the COLLABORATION AGREEMENT.
The RESEARCHER will, at all times, be the person responsible for carrying out the PROJECT, which will be undertaken with the use of the human or physical resources outlined in the PROPOSAL.
EIGHT.- EXCLUSIONS.
ENDESA employees, their immediate families (spouses, children, parents or siblings) are explicitly excluded from taking part in the NOVARE prizes.
Also excluded are persons and organisations whose activity is not conducted within an institution recognised for its scientific contributions to R+D (e.g., individuals or commercial suppliers of goods and services).
NINE .- PROJECT MONITORING.
ENDESA will monitor the development of the prize-winning PROJECTS and will be able to seek authorisation from the RESEARCHERS to visit their place of work and receive complementary demonstrations of their scientific knowledge and its applications, for the purpose of obtaining a broader understanding of the original idea and its development, as well as of the implementation of the PROJECT plan.
TEN.- COMMUNICATIONS.
ENDESA’s support will be prominently publicised at any communication activities organised by the RESEARCHERS in relation to the winning PROJECT (e.g. website, publication, press). At the same time, ENDESA reserves the right to publish its contributions to the winning PROJECT, using any communication media.
ELEVEN.- ACCEPTANCE.
Participation in this edition of the competition supposes the unreserved acceptance of each and every one of its conditions, without exception, and implies the acceptance of the participant of ENDESA’S decision as regards the resolution of any matter deriving from the application of these conditions, in particular relating to the JURY’S decision.
The current conditions will be filed with a notary public and will be available for consultation by any participant.
