Judging and Prizes

There are four stages of judging:

The RBC Applied Innovation Team will evaluate all initial submissions. Based on the written submission alone, they will select the top 20 submissions.
A panel of innovative RBC executives will review the top 20 submissions using the same pre-determined criteria. The panel will select the top four submissions as finalists. They will also select five additional teams for peer voting to determine the fifth finalist.
The public will vote online to select the fifth finalist from the peer voting candidates.
RBC will bring the top five teams to Toronto for the final evaluation event. Teams will have 15 minutes to present their idea to the final judging panel of senior RBC executives and will have 15 minutes for Q&A with the panel. The judges will evaluate teams on both their written component and their presentation.

The Criteria

Judges rate each proposal on criteria which may include:

Executive Summary
Description of the Future state of the workplace
Description of the Proposed Innovation or Concept
Implementation Plan
Originality and Creativity of Idea
Overall Viability

Prizes

RBC will bring the five finalists to Toronto, where they will present their ideas in person - an opportunity to prove to a panel of top RBC executives that their innovation is worthy of a world-class bank.

The team with the best overall presentation will walk away with a first prize of $20,000*. Do you have what it takes to be number one?

First (1st) Place Prize
$20,000*

Second (2nd) Place Prize
$10,000*

Runners Up (Three teams)
$5,000*

*All cash prizes are listed in Canadian dollars. Prize money is split equally among all team members.