Boosting Construction Innovation Challenge with Awards of up to £100,000 from COINS Grand Challenge

The COINS Grand Challenge is now available for participants all over the world. The COINS Grand Challenge is a global competition to uncover students, innovators, entrepreneurs and leaders with ideas that can improve the built environment. This year’s competition is about Boosting Construction Innovation. 

About the Competition:-

• The COINS Grand Challenge consists of two competitions (Open and Undergraduate) that are aimed at encouraging students, innovators and entrepreneurs to come forward with new ideas and approaches to help improve the construction industry for the benefit of the industry and society.
• Working with leading construction companies, private investors, venture capitalists and academia, the COINS Grand Challenge provides an opportunity that may not otherwise exist for people to present their ideas to leaders in the industry, win valuable prizes and potentially gain funding and support to pursue their ideas.
• For the Open Competition, ideas do not have to be at a particular stage of development to be submitted. Judging criteria are based on the “grandness” of the idea and the feasibility of it being implemented. 
• For the Undergraduate Competition, the COINS Grand Challenge is looking for people who understand the underlying subject matter and its relevance to one or more areas of the construction industry and who show the interest and potential to become the next generation of construction industry innovators, entrepreneurs and leaders. 

• Open Competition Winner: £5,000.
• Open Competition Runner Up: £2,000.
• Undergraduate Competition Winner: £2,500.
• Undergraduate Competition Runner Up: £1,000.
• COINS Investment Prize: Up to £100,000.
• COINS is offering a special discretionary COINS Investment Prize to the Open competition winner for what it considers to be the most promising idea or businesses. The winner of the COINS Investment Prize will be offered an investment of up to £100,000 in their business or to set up a business in order to further their idea.
• COINS Software Innovation Prize: Paid Internship at COINS or local equivalent.
• COINS is offering two special discretionary prizes for what it considers the most promising software-related submissions in the Grand Challenge. The winner will receive a 3-month internship and the runner up a 2-week work experience placement with COINS research and development to further develop their ideas.

• To enter the COINS Grand Challenge, Applicants must be 18 years old or over on 1 January 2021. Applicants shortlisted for the Grand Final Judging (the Finalists) may be requested to provide proof of age in the form of a passport or photo driving license.
• Applicants may be of any nationality and citizenship but must be fluent in English. Applications must be submitted in English using the official online Application Form.
• No entry fee is required for any of the COINS Grand Challenge competitions.
• The COINS Grand Challenge is not open to present employees or contractors of Construction Industry Solutions Limited (COINS) or other companies in the COINS group.
• The Undergraduate competition is specifically for people currently studying for a university undergraduate degree. However,undergraduates may also enter the Open competition if they believe their idea can meet the Open competition requirements.
• Only one entry per competition is allowed per person. If multiple applications are entered inadvertently, the one with the earliest completion date will be used and the others will be disqualified.
• By entering the COINS Grand Challenge, the Finalist agrees to participate in promotional activity as reasonably required by the COINS Grand Challenge Management Committee.

About the COINS Grand Challenge:-

The COINS Grand Challenge is a global competition to uncover students, innovators, entrepreneurs and leaders with ideas that can improve the built environment. This competition consists of two competitions, an open competition for those wishing to participate from anywhere in the world and a competition for university students. The COINS Grand Challenge gives awards of up to £100,000.

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