Applications for The Spinoff Prize Open to Irish Entrants

Showcasing and celebrating global excellence in the commercialisation of research through the creation of spinoff companies (known also as spin-out companies), The Spinoff Prize from Nature Awards – part of Springer Nature – and in partnership with Merck is now open for applications.

This year, The Spinoff Prize will focus on companies founded on research in life sciences or physical sciences, both of which can include digital technology approaches, such as artificial intelligence, deep learning, neuromorphic computing and quantum computing.

Judges are looking for spin-out companies that translate original, high-quality scientific research into products and services that address market problems and are well-positioned to make a positive impact on society.

Prizes for the winners

Those shortlisted for the Prize will receive a profile in a special Nature supplement ahead of the final, with the shortlist then pitching to an expert panel in a slam at the 2023 Future Insight™  Days (curiousfutureinsight.org) before a winner is selected.

The winner will receive a cash prize of €30,000 to further develop their research into life or physical sciences. 

Applicants are encouraged from anywhere in the world, from all genders and company positions, including companies in the early stages of establishment.

Imelda Lambkin, Manager – Disruptive Technologies, Innovation and Knowledge Transfer at Enterprise Ireland, said, “Springer Nature’s Spinoff Prize is an excellent opportunity for Irish spin-outs to showcase their ideas and impact at a global scale.

“This year’s category is particularly interesting, with Ireland having a strong pedigree in the life and physical sciences disciplines. I would encourage any of our spin-outs in these sectors to enter the awards in what could be a transformative process for their growth.”

Key dates of The Spinoff Prize event

—  Applications close – 29th July 2022

—  Shortlist announced – March 2023

—  Final slam panel and the winner announced at the 2023 Future Insight™ Days – July 2023

The awards form part of the wider Nature Awards suite which looks to celebrate and champion scientific excellence globally. Further information on The Spinoff Prize, application and eligibility criteria can be found here.

Profiles of the 2021 Spinoff Prize winner and finalists are available in the Nature supplement.