Siemens Stiftung offers cash for inventions

2012-06-21 14:00

Cape Town - Siemens Stiftung is asking inventors from South Africa to submit ideas that may win them a share of €200 000 prize money.

Siemens Stiftung is looking to spur innovation and has launched an international competition that will spotlight innovation and inventors.

"Whether you are a school, university, research institution, NGO, company or inventor, everybody in South Africa who has invented a technology solution to basic development challenges is invited to take part in the competition," said Ulrike Wahl, managing director of Siemens Stiftung.

The competition is open to individuals and organisations and is divided into six categories: Water & Waste Water, Energy, Food & Agriculture, Waste Management & Recycling, Housing & Construction, Healthcare, and Information & Communication Technology.

"Innovators and developer teams are invited to submit a proven product or solution that can help combat development challenges by providing better access to appropriate technology," the company said.

Public access

The ideas submitted will be submitted to public access organisations and governments to create as wide an application as possible, they said.

"Our goal is to facilitate access to technology solutions as one of the key levers to sustainable development in developing and emerging countries," said Wahl.

The competition was launched at the Rio+20 UN conference on sustainable development in June and the company wants to facilitate co-operation.

"We hope to connect bright minds and powerful technology solutions with vulnerable people needing basic services, and to provide a tool which enables interaction, knowledge exchange, and co-operation," Wahl said.

All inventions will remain the property of the inventor and 23 prizes will be awarded. The competition will run for six months and the first prize is €50 000, awarded in June 2013.

Entries close on the 31 December 2012 and documentation can be accessed on the website.

- Follow Duncan on Twitter