Due Diligence Review



Before winners are announced and awards are disbursed, a due diligence review will be conducted to verify that applicants are appropriate recipients of Catalyst Award funds.

Applicants under award consideration may be required to provide financial statements to verify that their annual sales revenues for each of the last two fiscal years do not exceed $10 million (if applicable).

Intellectual Property

Catalyst awardees will retain all intellectual property rights they may have in their applications. While reviewers will be asked to keep confidential the contents of the applications during the review process, winning applications, once publicly announced, will no longer be confidential. Applicants are encouraged to consult intellectual property attorneys prior to entering the competition.

Abstract Publication Acknowledgement



By applying for a U.S. NAM Catalyst Award, applicants agree to supply a detailed abstract that describes their innovative idea (the “Abstract”). Applicants further agree that the Abstract may be made publicly available by the U.S. National Academy of Sciences (NAS), and applicants grant to the NAS a non-exclusive, royalty-free, sub-licensable, worldwide license and right to share the Abstract in all media.

Progress Update

Each U.S. NAM Catalyst Award winner will be strongly encouraged to submit a 500 word summary of progress and milestones achieved with the award dollars approximately one year after the disbursement of the prize.

Innovator Summit

In addition to the cash prize, U.S. NAM Catalyst Award winners will be strongly encouraged to attend an Innovator Summit (anticipated to take place in summer 2021) to discuss their ideas and the progress achieved against them. Travel costs will be paid for by the NAM in accordance with institutional travel policies. The Innovator Summit will be an opportunity to share ideas with fellow innovators, find opportunities to collaborate, meet industry leaders who can help guide future work, and discuss innovations with potential investors.



Other Information



Prizes awarded to individuals are reportable to the IRS. Prizes awarded to institutions and distributed to individuals are subject to the respective institution’s policies and procedures. Individuals are encouraged to consult their institution’s relevant policies if unsure in which capacity they should apply.



Taxes on prizes (including taxes on the cost of travel to the Innovator Summit), if any, are the responsibility of the winner. Prizes awarded to non-resident aliens will be subject to necessary withholding.

Winners will be announced on the Healthy Longevity Global Competition website.