In this program year, up to five cash awards may be given (split among the submitting team members):

• University Controller’s Award for Excellence – The Associate Vice President/University Controller reviews the posted submissions and, in conjunction with the voting committee, chooses a winner based on creativity, ingenuity, cost savings, and/or efficiency. The winner of this prize will receive a $1,500 cash award (subject to taxes and withholding).
• CU Innovation & Efficiency Awards - Four additional cash prizes of $1,000 each (subject to taxes and withholding) are available to be awarded to other top submissions. 
• Publication of a submission on the CU Innovation & Efficiency Awards website does not guarantee awarding of a cash prize. Not all available prizes may be awarded during any program period. Group members are responsible for determining the distribution of any cash prize their group may be awarded.