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Notes for Receiving Awards
The prize money payment for the global champion, second place, and third place of IPIEC GLOBAL 2019 grand final will be distributed into two stages. First stage: after the end of the grand final (December 14th), 70% of the corresponding price money for each project will be paid out. Second stage: before December 31st, 2020, if one of the following conditions is met, the remaining 30% prize money will be paid out:
1. The award-winning project or its main team has successfully registered a company in China, and the industrial and commercial registration date is on or after December 15th, 2019;
2. The award-winning project has reached formal cooperation with at least one Chinese institution, including but not limited to capital cooperation, research and development cooperation, establishment of joint ventures, agency or authorized transfer cooperation, technology product and equipment purchase, etc., and signed a substantive cooperation agreement on or after December 15th, 2019.
WTOIP reserves all rights in the explanation of the awards.