What is investing in a safer tomorrow?
Investing in tomorrow is a global competition organised by UK P&I Club to mark the occasion of the Club’s 150th Anniversary. The competition aims to unlock future talent by challenging university students and those embarking on a maritime career to make a difference, collaborate and to develop industry changing ideas to find the next great idea in shipping innovation with a focus on improving safety at sea.
What is the theme of the competition?
The theme of the 2019 competition is "Investing in a Safer Tomorrow”. All teams/ individuals will be requested to develop an innovative idea and proposal related to safety innovation aimed at improving an element of safety at sea. The idea can cover all aspects of safety – from innovation in seafarer wellbeing through to a tangible invention to improve physical safety or navigation – if your idea improves safety at sea in any capacity, the Club would love to hear about it.
Why take part?
By taking part in the competition, participants will have the opportunity to have your ideas shared on a global platform. The experience will provide a rigorous learning experience, and provide shortlisted candidates with access to maritime industry experts and expand competitors professional network.
Shortlisted candidates for stage 2 will be given half a day with the Club’s loss prevention and risk assessors, master mariners and business leaders of the UK Club to discuss and develop their ideas past stage 1. This will be either via Skype or in person depending on location of entrants
What is the prize for winning?
The total prize fund available is $50,000 with prizes split:
- The winning team or individual will receive a total prize fund of $30,000
- The Second place team or individual will receive a total prize fund of $15,000
- Third place team or individual will receive a total prize fund of $5000
Final three teams will be flown to the UK, in July 2019 to attend the Club’s 150th Gala Dinner in London and will have the opportunity to meet with the Club’s Board Members and maritime industry leaders. The cost of economy flights and accommodation for the evening on the gala dinner will be covered.
Who can participate?
Participation in the Competition is open to any person who is either currently studying at university or is at the early stage of their maritime career.
Are there any age restrictions?
Yes. Entrants must be between the ages of 18 and 30 years old on the 20th June 2019.
How to enter?
For Stage 1 of the competition participants should complete the online submission form found here:
For those entrants who are selected for Stage 2 of the competition, full details of how to submit your completed entries will be communicated directly to the individuals or teams.
Team or individual entries?
Participants can participate as either; an individual or as a group entry with a maximum number of participants per team of 4.
Participants can only enter once either as an individual or as part of a team, not both.
Competition documents and products provided (proposals, submissions, videos and presentations) should be in English.
What are the key dates and deadlines?
- Stage 1 – initial ideas to be submitted by 23.59 GMT 30th November 2018
- Stage 2 – Completed idea submission ideas by 23.59 GMT 1 April 2019
- Finalists must be available for the Gala Dinner on 4th July 2019 in London. The UK Club will cover travel and hotel expenses for the duration of the trip. Visas are the responsibility of participants to arrange.
Late submissions will not be accepted after the closing time based on Greenwich Mean Time (GMT)
How will ideas be evaluated?
Basic information regarding your concept for shipping safety innovation and how it could improve safety in the industry. The initial pitch should include the following details:
- Proof of concept - a description of the idea (max 1500 words)
- Image/graphic or photo visualisation representing the idea
- Assessment of your initial idea based on
- Originality of concept?
- Simplicity to implement/teach?
- How relevant is the idea to:
- Shipping industry
- What might the potential value of the idea to the industry be – will it save lives? Prevent accidents? Make operations safer?
After assessment by the Club of the initial concepts, a shortlist of competitors will be announced and invited to meet with the Club’s Loss Prevention team, master mariners and business leaders to discuss how to push ideas forward. The shortlist competitors will then have an additional 4 months to complete their ideas and produce a video/whitepaper/ presentation for final judging and prize award at the UK Club’s 150th Gala Dinner.
Who are the judges?
Judges consist of UK Club Board Members, Thomas Miller senior leaders and external industry experts.
Who owns the intellectual property of the idea?
The participants own the Intellectual Property (IP) of their idea. By participating in the UK Club’s competition, the UK Club is granted global licensing rights to market, promote and communicate the ideas.
Will participants get a job at Thomas Miller?
The competition is not part of Thomas Miller’s recruitment process and performance in the competition will not influence job applications.