ITEHPEC INNOVATION AWARD Regulation for the 2017 Edition

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1 ITEHPEC INNOVATION AWARD Regulation for the 2017 Edition Art. 1 INTRODUCTION AND OBJECTIVE 1.1. The ITEHPEC INNOVATION AWARD is an initiative of the Institute of Technology and Studies for Cosmetics, Toiletries and Fragrances (ITEHPEC), created by the Brazilian Association of the Cosmetic, Toiletry and Fragrance Industry (ABIHPEC). ITEHPEC s mission is to promote and encourage innovation in the Cosmetic, Toiletry and Fragrance (CT&F) Industry, in keeping with standards of excellence, for the ultimate goal of boosting the competitiveness and sustainable growth of companies ITEHPEC created this award to acknowledge the manufacturers of ingredients that have contributed to increasing the competitiveness of the Brazilian CT&F Industry, by implementing innovative projects. The innovation created by their projects may involve adding value to the consumer or giving the production chain a competitive edge. Art. 2 AWARD TARGET 2.1. Companies qualifying for participation in the award are manufacturers of cosmetic ingredients, whether associated to ITEHPEC or not, exhibiting at the in-cosmetics latin america Trade Show 2017, and creating impact from innovations and benefits of proven potential to the market or to the final consumer. Only innovative projects launched on the market in any country - as of June 2016 may participate in the award. Art. 3 AWARD CATEGORY 3.1. The ITEHPEC INNOVATION AWARD shall have only one category with 3 rankings: Gold, Silver and Bronze. The rank to be awarded will be based on the evaluation made by the judging committee, as set forth below. Art. 4 ENTRIES 4.1. The entries for the 2017 edition of the ITEHPEC INNOVATION AWARD shall be received as of May 29, 2017, up to and no later than August 4,

2 4.2. All entries may be submitted free of charge and must be made on the form available for downloading at the site. The form should be duly filled out and sent by to together with any attachments, pursuant to item The following documents are required and must be attached to make the process effective and validate the entry: Entry form containing the following information: Identification Product launch on the market Title of the innovation project (up to 200 characters without spaces) Description of the innovation (up to 2,000 characters without spaces) Explanation of how the innovation applies to the CT&F market (up to 7,000 characters without spaces), including: the reason warranting the innovation, the level of impact of the innovation and the benefit of proven potential to the market or to the final consumer. The applicant must defend its proposal, presenting pertinent arguments, information about the innovation (of a new ingredient, of a new process to obtain the ingredient or of a new methodology used to obtain the ingredient), the degree of originality, functionality, relevance and use, the impact caused by the innovation, and the benefits provided to the market or to the final consumer, and must also present evidence to back up its proposal Attachments deemed pertinent (examples: reports, scientific literature, and assay data, among others). The files must be presented in DOC, JPEG or PDF format Company logotype in high resolution, with a transparent background or in vector graphics All the documents sent to complete the entry process, including the entry form and the attachments, cannot surpass ten (10) megabytes All the information, including the entry form and the attachments, to be submitted must be written in Portuguese or English. Any document in a language other these shall not be considered. 2

3 4.6. The information presented in the project shall be regarded as public domain Up to two (2) entries may be made per company. If more than two (2) are submitted by a company, only the first two shall be considered Any project shall automatically be disqualified If the form is filled out incorrectly or if information is left out, if the documents required to evaluate the proposals are not submitted, or in the event of nonperformance of any requirements. Art. 5 JUDGING COMMITTEE 5.1. The judging committee shall be composed of technicians and specialists of ITEHPEC s Scientific and Technological Committee, and shall exclude any representatives of the ingredient manufacturers. However, the committee may include outside members for judging the projects. The committee shall receive the entries with no identification of the company s name The judging committee is supreme and its judgment cannot be challenged. Art. 6 EVALUATION PROCESS AND JUDGEMENT OF PROPOSALS 6.1. The evaluation process shall consist of the following stages: Entry submittal stage: presentation of applicants as described under Article 4 ENTRIES Pre-selection stage: analysis of project qualification, by checking the information provided by the applicant on the entry form. The pre-selected works will be published at the site on September 19, 2017 and also in electronic banner, on September 20, 2017, at ITEHPEC- ABIHPEC booth at the in-cosmetics latin america Trade Show Selection of winners: the pre-selected projects will be evaluated and the three AWARD winners shall be selected In the event of a tie, the criteria for breaking the tie shall be the best evaluation in regard to benefits with proven potential to the market or to the final consumer. 3

4 6.3. The judging committee is supreme and its judgment cannot be challenged. Art. 7 AWARD CEREMONY 7.1. The award ceremony will be held on September 20, 2017, during a cocktail party promoted by the trade show organizers, at the Expo Center Norte Exhibition Pavilion The winners will be announced at the award ceremony The ITEHPEC INNOVATION AWARD is presented as trophies and certificates, made especially for this purpose, for the winners, given to the first three ranking positions. Art. 8 ANNOUNCEMENT OF RESULTS 8.1. ITEHPEC will announce the winners through its communication vehicles, such as its site and press service and informative actions After the results have been announced, the winning companies, ITEHPEC and ABIHPEC, may announce the awards, by any form of institutional communication, for an unlimited time, provided that mention is made of the edition of the ITEHPEC INNOVATION AWARD in which recognition was given, and that the name of the company appearing on the project entry is stated Participating companies hereby declare that they assign and transfer to ITEHPEC the right to use any illustrative images in its projects, as well as any material received from the participants, for the sole and exclusive purpose of promoting the award Participating companies also authorize, upon submittal of their entry, disclosure of the name and logotype of their company as a participant in the ITEHPEC INNOVATION AWARD, as well as the title of the innovation project, regardless of outcome, should the institution choose to disclose this information. Art. 9 ADDITIONAL INFORMATION 4

5 9.1. ITEHPEC shall not be liable for any problems, failures or technical malfunctions of any type, of computer networks, servers or providers, computer equipment, or hardware or software, whether caused by error, interruption, defect, delay or operating failures, or by transmissions for the correct processing of entries, including, but not restricted to, any imprecise transmission of entries, or failure to receive them, resulting from technical problems, internet congestion, virus, power outage, programming failures (bugs) or violations by unauthorized third parties (hackers). Likewise, ITEHPEC shall not be liable for the occurrence of any fortuitous effects or cases of force majeure that may prevent any company from participating. Art. 10 GENERAL PROVISIONS Entry of the proposed project requires that the applicant accept all the demands and provisions of this regulation fully and unconditionally, calling for its disqualification in the event of nonperformance of any article provided for herein The ITEHPEC INNOVATION AWARD shall be run by representatives of ITEHPEC, who shall be in charge of rendering a decision in cases of omission by this regulation, in that their decision is supreme and cannot be challenged This regulation shall come into effect on the date of its first publication. 5