COMPANIES THAT ARE CHOSEN FOR THE PROGRAM RECEIVE:

To be considered for the Spotlight on New Technology program, technology must meet four key criteria.

The technology must have been offered to the marketplace in a ready-for-commercialization state less than two years prior to the application date. If previously advertised at OTC Brasil, it must not have been displayed for more than one conference. The technology must be original and groundbreaking, and must not infringe any known patents.

The technology must be proven, either through full-scale application or successful prototype testing. For example, a proposed new type of equipment in the design stage would not be considered applicable to this program.

The technology must have broad interest and appeal for the industry. For example, a new type of valve would not be considered new technology or of broad interest if it were simply a replacement of a previous valve at lower cost. However, the new valve might be considered to have broad interest if it had the potential to change the way in which valves were used or impact the wider system that utilized the valve.

The technology must provide significant benefits beyond existing technologies. For example, an improvement in efficiency of an existing motor would not be considered new technology unless it had the potential to change the way in which the motor would be utilized in the industry.