1. Prize Description and Usage
- The £10,000 intellectual property funding prize must be used exclusively for new intellectual property applications and associated work, allocated as follows:
- £8,000 for searching (up to a maximum of £500), drafting, and filing a patent application.
- £2,000 for searching (up to a maximum of £500), drafting, and filing a trade mark application.
- The funding prize cannot be used for assistance with with existing and new contentious legal matters.
- The £10,000 prize funding must be used exclusively with SH&P and will be applied as a credit to your account. This credit will be allocated towards the costs of patent and trade mark services, as outlined and quoted above.
2. No Further Commitment
- The winning business is under no obligation to undertake further business with or make payments to Stevens Hewlett & Perkins (SH&P) beyond the fulfilment of the prize.
3. Eligibility
- The competition is open to UK-based companies and legal residents of the United Kingdom who are 18 years of age or older.
- Only one entry per business will be accepted.
4. Application and Shortlisting Process
- Applications must be submitted online through the designated platform.
- Applicants will be shortlisted based on their responses to the online application.
5. Online Pitch Event
- Shortlisted applicants will participate in a secure, confidential online pitch event in front of a panel from the SH&P team.
- Pitches will be conducted via a 30-minute session, including a Q&A, with SH&P’s intellectual property experts.
6. Confidentiality
- All data submitted via the online application form will remain confidential.
- All online interviews and pitches will be confidential. SH&P will provide a confidentiality/non-disclosure agreement in advance of each applicant’s interview pitch.
7. Winner Selection and Announcement
- The winner will be selected based on the strength of their idea, pitch, and business potential, as determined by SH&P’s experts.
- The winner will be announced by 13th June 2025, and work with SH&P must be initiated by 31st December 2026.
8. No Purchase Required
- No purchase or payment is necessary to enter this competition.
9. Participant Agreement
- By participating, entrants agree to abide by these terms and conditions and the decisions of SH&P.
10. Exclusions
- SH&P reserves the right to disqualify any entry that does not meet the eligibility criteria or is deemed inappropriate, incomplete, or non-compliant with these terms and conditions.
11. Miscellaneous
- SH&P reserves the right to amend these terms and conditions at any time without prior notice.
- Any disputes arising in connection with the competition will be resolved under the laws of England and Wales.
- By entering the competition, you consent to being contacted by members of SH&P.
- By entering this competition, you consent to your name/company name being used in winner announcements and marketing material.