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For a full list of categories, click here. If you reckon you could win in one of those fields, then head over to the website to register by 28 February.
If you want an idea of the sort of designs you'll be up against, we've recapped some of our favourite past winners below. Be sure to click to the next page for more details on entering, and early contenders for this year's prize.
Arts & Crafts Category
Every year, the people of Porto pay tribute to St. John the Baptist by throwing garlic flowers and plastic hammers at each other. Unsurprisingly, that spectacle looked a lot better with the mirrored S. Joao Structure hanging above it.
Street Design Category
The Smartstreets Cyclepark is a brilliantly simple invention. The multicoloured attachments fix to lamps and posts that are already in the environment, meaning councils or local authorities don't have to spend as much installing completely new structures.
We're big fans of the Anti-Loneliness Ramen Bowl. With a little slot for your iPhone, the bowl lets you Facetime while you slurp Ramen, meaning your meals for one can now be shared by two. Obviously, you'll be able to use your smart phone's other functions too, but we won't go into that.
This is our favourite category, so we've included two entries from last year.
The Omni-Clip is a real space-saver for all the Sneakerheads out there. It will keep your kicks fresh, and it will keep your house free from the 900 shoe-boxes you own. Just think, you could probably rent another room out once those are gone.
They have milk in bags, so why not beer? The Leuven beer packaging costs less to produce, meaning cheaper booze for you. That's something we can all get behind.
Click to the next page for early nominees for this year's competition.