Applications for Palladium Global Science Award are now open

With a total prize money of $350,000, (Dh1.2 million), the first Palladium Global Science Award competition is inviting applications from around the world. Scientists, startups and research groups involved in the study, analysis and development of new applications for palladium can submit their entries until July 31 this year.

The competition aims to find and support outstanding scientific and applied ideas, as well as R&D efforts in palladium-based materials with unique properties that could lead to new industrial applications and contribute to the development of future technologies.

"Palladium is important for the development of many sectors, including the high-tech and green industries,” says Bian Jiang, Executive Chairman of China Precious Metals Industry Committee (CPMIC), which is the main partner of the competition. “It is crucial to the precious metals industry, not only in terms of palladium's status as a strategic metal but also because of the possibility of exploring new ways of using it.

“The creation of the Palladium Global Science Award provides a unique opportunity to support scientists and research groups working on innovations that can significantly influence the precious metals market and accelerate their adaptation into promising technologies.”

Applications are invited in three categories under New Palladium Applications - Best Scientific Development, Best Scientific Article and Best Applied Concept.

The prize money of the Palladium Global Science Award will be divided among the winners in each of the categories. The winner in the Best Scientific Development category receives $120,000 while the runner-up takes home $60,000. First place and second place in Best Scientific Article will get a prize money of $80,000 and $40,000 respectively. The winner in the Best Applied Concept category will receive $50,000.

An international panel comprising top scientists and experts from major universities and research centres around the world will review the applications. The results would be announced no later than September or early October.

Interested applicants can find out more details on the official Palladium Global Science Award website.

– In association with China Precious Metals Industry Committee