Deadline Extended: Zayed Sustainability Prize of US$3 million for Entrepreneurs 2021

Published: 11 May 2020 1,550 views

Each year, the Abu Dhabi Government offers the Zayed Future Energy Prize, the total Prize fund of US $3 million for Entrepreneurs to celebrates achievements that reflect impact, innovation, long-term vision and leadership in renewable energy and sustainability.

The Prize fund comes from the Abu Dhabi Government as a way to honour and continue the legacy of the late founding father of the United Arab Emirates, Sheikh Zayed bin Sultan Al Nahyan. Masdar, Abu Dhabi’s renewable energy company, manages the Zayed Future Energy Prize. A dedicated team works on the Prize all year round.

This annual award celebrates achievements that reflect impact, innovation, long-term vision and leadership in renewable energy and sustainability. You are invited to be a part of this vision and commitment to finding solutions that will meet the challenges of climate change, energy security and the environment.

ZSP Prize for Global Sustainability

Application Deadline	June 11, 2020
Funding Type	Fully Funded
Type	Entrepreneurs
Sponsor	ZAYED SUSTANABILITY PRIZE
Gender	Men and Women

Benefits of ZSP Prize for Global Sustainability

1. The fund allocation per category is as follows:
   1. Health                                           US$600,000
   2. Food                                              US$600,000
   3. Energy                                          US$600,000
   4. Water                                           US$600,000
   5. Global High Schools                 US$600,000 (Divided between six school winners, each from six world regions)
2. There is no alternative to the cash Award.
3. The Awards shall be used by the winners, per category, to further the ideas and ambitions within the winning submissions.
4. An Award may be subject to withholding tax (if applicable) and/or income tax or other applicable tax which shall be payable by the winner, as applicable. Masdar shall not be liable for any taxes which are or become payable on the Award.
5. An Award may be revoked and a refund required if it is discovered that a winner has provided misleading or erroneous information within the submission or it is subsequently discovered that the submission infringes the intellectual property rights of a third party.

Requirements for ZSP Prize for Global Sustainability

1. The Zayed Sustainability Prize is open to all entrants other than:
   (a) Board members and employees of Masdar; and
   (b) Anyone who has been involved in organising, promoting or judging the Prize.
2. Masdar, the Selection Committee and the Jury reserve the right and have full discretion to reject or not select any submission for any reason that may, in the sole opinion of the Selection Committee, the Jury or Masdar, damage the reputation of the Prize, the UAE, Abu Dhabi or Masdar, or bring the Prize, the UAE, Abu Dhabi or Masdar into disrepute. The decision of the Selection Committee, the Jury or Masdar shall be final and no follow up correspondence shall be replied to.

Important information

1. Masdar reserves the right to modify the Guidelines and these Terms and Conditions of Participation as necessary, during the term of the award cycle. Masdar will update registered entrants or related parties as appropriate as to any such modifications.
2. In registering to enter the Prize, each entrant does not rely on, has not relied on, and shall have no remedy in respect of, any statement, representation, warranty or other provision (in any case whether oral or written, express or implied and whether negligently or innocently made) of any person which is not expressly set out in the Guidelines and/or these Terms and Conditions of Participation.
3. Masdar shall be free to assign, transfer, sub-license or otherwise dispose of or deal with its rights under the Guidelines and/or these Terms and Conditions of Participation.
4. The Prize shall be governed by the Guidelines and these Terms and Conditions of Participation.

Selection Process

The evaluation of each submission to the Prize consists of a robust, three-tier process.

First Stage
A reputed international research and analysis consultancy firm conducts due diligence on all our submissions received. These independent consultants ensure that each entry meets the submission standards and then scores the entries against the criteria set out for the Zayed Sustainability Prize.

Second Stage
A Selection Committee, sub-divided per category by the member’s technical specialty and/or knowledge, evaluates and scores the shortlisted candidates. They then pass on the list of finalists for the final review stage.

Third Stage
The Jury meets, in person, to deliberate the entries and elect the winner in each category. The final decision must be unanimous. The Jury members are typically comprised of former world leaders, UAE government ministers, leading international business people and, occasionally, high profile international celebrities.

Application Deadline

June 11, 2020

How to Apply

Interested and qualified? Go to ZAYED SUSTANABILITY PRIZE on masdar.secure.force.com to apply