APPLICATION INFO

Academic Awards

Application deadline

There will be no Academic Awards in 2011-2012.

How are applications assessed?

A selection committee made up of three to five Foundation board appointed members will review all applications. This committee will include individuals with expertise from academia and the capital markets business community.

Factors which will be considered by the Selection Committee may include:

• Academic achievement.
• Evidence of other research.
• Applicant displays good understanding of purpose and relevance of outcome to current economic or social issues.
• Demonstrated commitment to excellence.
• Demonstrated support by university.

Disbursement of funds

The first payment of 50% of the award will be paid at a date that is agreed upon with the successful applicant’s university. The second installment will be made 6 months later.

All payments will be made to the successful applicant’s university, or to the winner themself.

Academic obligations

The winner is required to pursue the course of research outlined in their proposal. If the academic decides not to complete the research, the Foundation may expect repayment of all or a portion of the funds that have been received.

Agreement (including declaration and signatures)

Awards will be made by way of an agreement between the university, the academic and the Foundation.

Suspension and termination

The Foundation may agree to suspend an award in such circumstances as: illness, parental leave and compassionate leave. In such event where suspension is granted an agreement will be reached between the academic, Foundation and university regarding recommencement of the award payment.

The Foundation may terminate an award in such circumstances as:

• Academic does not comply with the conditions.
• Academic fails to pursue the agreed conditions as set out in his/her proposal.

Liability

The Foundation accepts no liability for the manner in which work in connection with the research is undertaken, or how the academic conducts his or her work. The academic will be responsible for the work and the consequences of it.

Intellectual property rights

The Foundation will make no claim to ownership, or control of any intellectual property rights arising from, or in association with the program of research undertaken.

It is the responsibility of the university to negotiate any necessary agreement regarding intellectual property.

Reporting, dissemination and acknowledgement

A progress report must be submitted after six months, prior to 2nd payment.

The Foundation retains the right to publish the recipient’s names and nature of research in all activities and/or published material it may prepare.

The report will contain an update on the research in a format that was agreed upon as part of the applicant’s proposal.