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FAQs on the awards

What is the award won? The award is composed of:
1. A financial award of up to €40,000, which will be deposited in minimum two tranches in a bank account.
2. Technical assistance, designed to help build the capacity for the sustainability of the winning business. It will be tailored to address the specific needs of each winning project.
3. Monitoring during implementation of the winning projects for a period of one year.

What is the total number and amount of awards in D-MADE? D-MADE expects to provide prizes of varying sizes to about 10-15 winners selected by an international jury. The maximum award amount is €40,000. Prizes may also consist of recognition awards or honorary titles, both excluding cash.

How will the counterpart contribution percentage be determined? Prize winners will be expected to make counterpart contributions in the range of 5% to 25 % of the award won. This percentage will be needs-determined and based on self-assessment information provided by the participating entrepreneurs. The information would be used by the D-MADE Award Team to determine the percentage of contributions each organization would make as counterpart funds. There will be a provision to waive this condition in only exceptional cases which will be determined by the Award Team.

Are there quotas or limits on the number of winners or proposals by country or topic/sector? No. Finalists are chosen based on their ideas and their implementation plan, without regard to country of origin or residence. Proposals must reflect the theme of D-MADE, "entrepreneurship”.

What is exactly included in the support for implementation? Local Monitoring Teams (LMT) will be established in each country where winning projects will be implemented. The LMT will be a key contact for the award-winning D-MADE projects, reviewing reports, guiding fund disbursement and facilitating project support and technical assistance during implementation. The LMT will also conduct site visits during this implementation period.