The design contest, which is open to graphic designers residing in the European Union, aims to identify the best design proposals for the future euro banknotes. The contest will proceed in two phases: an application phase and a design proposal phase. During the application phase, designers must meet the specific requirements listed in the contest notice. The applicants will be assessed on the basis of their qualifications and achievements. Selected designers will be invited to participate in the second phase and submit their design proposals. A group of independent experts – the Design Contest Jury – will evaluate the proposals and select up to five per theme.