Up to 10 finalist teams will receive a $1,000 award and be invited to participate in the Biomimicry Launchpad program, which begins in September 2018 and lasts for a period of one year. Launchpad participants will receive business training and/or incubation support, mentorship support, access to software tools, legal support, and coaching and technical consultations valued in excess of $12,000. At the culmination of the annual Launchpad program, participants will compete for the Ray C. Anderson Foundation's $100,000 Ray of Hope Prize®.

Student teams chosen as finalists that are not interested in entering the Biomimicry Launchpad will be eligible for the following cash prizes (note: student teams who are chosen as finalists may only receive one initial cash prize):

First prize - $1,500

Second prize - $1,000

Third prize - $500