Yukon Innovation Prize

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Cold Climate Innovation in partnership with the Yukon Government, Department of Economic Development will be hosting their 4th Annual Yukon Innovation Prize to encourage the local development and delivery of innovative products and services.

The goal is to increase the locally-provided value in goods and services sold in Yukon and in the broader northern markets, providing employment opportunities and enhancing innovation with a focus on social entrepreneurship in the territory.

Examples include innovation products, services and businesses that:

  • Fill a gap in the needs of the community;
  • Address a pressing social issue;
  • Empower or give back to Yukoners.
Competition Details

Who can apply

Any Yukon-based resident, organization, or business is eligible to submit an application form.

Prizes

$100,000 to be awarded. 

Up to four finalists will be chosen from the eligible submissions. These finalists will be given $10,000 to develop their ideas further and compete for the grand prize that showcases more evidence of their innovative product or service and business value. The refined proposals will be evaluated, and a single winner will be given $60,000 towards bringing their social innovation to commercialization.

Competition timing

Submissions close 23:59 PST on March 4th, 2018.

Schedule

There will be an information session held on February 9, 2018 from 5:00-6:30pm PST at Yukon College in the T1082 room. This session is open to anyone that would like additional information on the contest and submission process.

  • 2017-01-18:  Submissions opened
  • 2017-03-04:  Submission date closed
  • 2017-03-19:  Four finalists for the $10,000 have been selected
  • 2017-06-03:  Four finalists submit their final proposals
  • 2017-06-20: Grand prize presentations and selection
  • 2017-06-20: Grand prize winner announced
Eligibility
  • Full Competition Rules can be found here.
  • The contest is open to both individual entrants, organizations, and businesses
  • Applicants must be residents of Yukon
  • Organizations and businesses must have a valid Yukon business license and a permanent business office in Yukon
  • An individual or organization can submit more than one entry, but each individual or organization will be eligible for only one prize
  • Individuals or organizations who are part of an entry (e.g. with another individual or organization) may not submit an entry separately - put another way for clarity, an individual or organization can only submit entries under a single name or group
  • One prize will be reserved for an entry by an individual or organization located in Yukon, but outside of Whitehorse. Should there not be a feasible entry from the communities, as determined by the judging panel, the prize may be awarded to a Whitehorse-based entry.
Submission Process
  • Entries received between 09:00 on January 18th, 2018 and 23:59 PST on March 4th, 2018 will be eligible for consideration
  • Entries are to be submitted via email to innovation@yukoncollege.yk.ca
  • Entries will be screened to ensure meeting minimum qualifying standard before evaluated by a panel of judges against the criteria outlined. Applicants should answer all questions in the application form as completely as possible
  • Download the YIP application form here which has been put together for you to use your submission.
Criteria

Please see the 2018 Yukon Innovation Prize Rules for full criteria details.

The Judging Panel will review each submission to determine:

  1. if the submission solves a societal problem, and/or
  2. if there is a market need and/or the submission is commercially viable, and
  3. if the submission is innovative, and
  4. if the submission demonstrates business planning fundamentals
Examples of Social Entrepreneurship

The focus of this year’s contest is Social Entrepreneurship. Some examples include:

Raven Recycling

Raven Recycling's goal is to reduce the amount of waste going into a landfill, and that goal fits in with their business. It performs a basic social good – recycling the Yukon’s non-refundable waste – with profits from refundable recyclables like beer bottles. It’s a social enterprise because its existence depends on making money, not garnering donations. It collects profits from other ventures too. It has a contract from the Yukon government to clean, repair and redistribute used computers. It also manages the City of Whitehorse dump’s gate booth.

Bridges Café

Bridges Café's goal is to supply a delicious catering service to clients, while offering an opportunity to their employees to build their skills while offering jobs to people with barriers to employment in Yukon. Employees also have access to vocational assessment, employment coordination, and job development services and partners with local employers to build long term jobs for their clients.

Past Yukon Innovation Prize Winners

Read all about our past Yukon Innovation Prize Winners here.