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The DFG has been awarding the Bernd Rendel Prize annually since 2002 to early career geoscientists with a university degree but as yet no doctorate. The prizes are funded by the proceeds from the Bernd Rendel Foundation, which is administered by Stifterverband, and is intended to be used for scientific purposes, for example to enable recipients to attend international conferences and congresses.
The criteria for the award include the quality and originality of research work to date, which is not however required to be complete (thesis for a Diplom or master's degree, dissertations or other work in progress). Particular attention is given to the chosen research approach and the candidates' scientific potential.