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The Chairman's Award isn't about the connection between the students and the corporation, it's about the true meaning of FIRST. Losing their sponsor and persevering through the hardships shows a grit and determination characteristic of a great team.
The Chairman's Award goes to teams that demonstrate a strong bond with their sponsors, community, teachers, or each other. Basically, it's a way to demonstrate that your team realizes that there's a lot more to FIRST than putting together a robot and running it around on the field until you win.
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