Prize

main prize monetary awards cash prizes for top teams to support further development and implementation of their solutions the prize per challenge is eur 100 thousand (provided by the challenge owner or backer) and it can be either awarded to one team or shared among multiple teams based on the decision of the jury the recipient of the prize money is responsible for the tax consequences once the decision on the winner(s) is made, the winner(s) will be invited to a negotiation with the challenge owner, challenge backer and wolf society core team to agree on the details of the payment and the timetable the implementation of the plan and the solutions included in it, as well as the possible co development between the winner(s) and the challenge owner, is a possible continuation of the competition, but yet a separate process from the challenge competition the continuation will be decided upon after the challenge competition process is completed, depending on the winning plan and the type of solution(s) it consists of thus, the ultimate value of winning the challenge can be far greater than the prize money note the possible contracts after this challenge competition, concerning the further development work, can only be made with registered legal entities teams can enter the competition in free form but the winning team or teams will need to establish a legal entity before the start of the possible contract negotiations taking part in the wolf society initiative and its challenges is an opportunity to play a part in solving pressing global issues and make a real difference to sustainability worldwide the wolf society is committed to sharing learnings and solutions from the challenge competition with other entities around the world (permission to publish information is sought in advance from the challenge competition participants and solvers) this will provide challenge participants, partners and solvers with a unique opportunity to gain visibility and opportunities worldwide, with further development or scaleup as possible outcomes other contributions to the teams (to be specified in the challenge definition phase) incubation support access to incubation and acceleration programs to refine their business models and prepare for market entry mentorship continued mentorship from industry experts and investors to guide the teams in scaling their solutions investment opportunities introductions to potential investors and venture capitalists interested in funding sustainable startups and teams recognition and publicity media coverage and recognition at summits and conferences to showcase the winning solutions