5. Prizes and awarding prizes
As part of the competition prudsys AG will provide the following prizes:
1st place: EUR 2,000.00
2nd place: EUR 1,000.00
3rd place: EUR 500.00
Task 2 (if existing):
non-cash prize for the first team
The prizes are not transferable and are paid exclusively to the team leader. The team leaders receive their prizes on behalf of their team.
A jury will decide on the placings for the results submitted as part of the competition and the award of prizes. The jury’s deliberations take place in camera. The prizes will be awarded on July 14, 2021 via online award ceremony. The jurisdiction of the courts is excluded. There is no legally enforceable claim to payment of the prize by prudsys AG.
5.3 Announcement to the best teams
The team leaders who have qualified for the prizes will be informed in good time before the online award ceremony. The team leaders of the best teams are obliged to submit the team list stating the team members who worked on the results and to provide evidence for the student status of all team members including the team leader. Furthermore the team leader is requested to submit information about approach to the task.