GENERAL TERMS AND CONDITIONS FOR THE AWARD OF SCHOLARSHIPS, BURSARIES AND FINANCIAL SUPPORT BY THE WORSHIPFUL COMPANY OF WOOLMEN CHARITABLE TRUST AND THE COMPANY OF THE MERCHANTS OF THE STAPLE OF ENGLAND (THE COMPANIES)
The Companies make a number of grants and awards to undergraduate and post graduate students from their Charitable Trusts. The latest list of awards available is published on their websites.
Decisions on the Innovation Prize will be made between July and September every year.
The three principal criteria for assessing applications for grants and awards are:
- First: Relevance to the wool industry and sheep
- Second: Involvement with the City of London and Yorkshire, and other areas in the world where wool textile production is undertaken
- Third: Any further work required to commercialise the innovation must be undertaken in the UK
Relevance to the wool industry may cover veterinary procedures to improve the health and productivity of lambs and sheep; fashion and design studies using wool and other textiles.
At the application stage for a grant or award, candidates must:
- Provide all their contact details, and if applying through a University or College, the contact details of their tutor or supervisor.
- Provide the Companies with the title, aim, terms of reference or theme of their academic research, outlining the parameters of what they expect to achieve.
- In the case of a grant, explain how it will be spent, or list specific expenses which the grant will be used to meet.
In return for an award, the candidates are expected to:
- Provide the Companies with their thesis, dissertation or final report on their academic research, stating what they have achieved, under what conditions, what they have discovered or what conclusions they have drawn. This must be provided electronically, but bound paper copies can be produced in addition. Some form of feedback report, possibly a summary in the case of a lengthy research document, will be required in electronic format for the Company magazines, websites and archives.
- Allow the Companies the use of their photograph and name in publications and publicity material – including the website; personal details will not be divulged.
- Attend a presentation ceremony organised by the Company to accept their award.
- Keep in touch with the Companies through their Clerk, especially to inform the Companies of change of contact details.
- Accept a bespoke mentoring package for up to two years after the award. This mentoring will be provided free of charge by the Companies.
In their applications, students should clearly show how much money they are requesting from the charity and how they will spend it, and any other funding they have obtained. The decision of the Judges is final.