I second this!!. All research is meaningful and impactful. In competitions like this, it can solely come down to who reads your application and whether or not it strikes their fancy, and how their day has gone. These competitions reveal nothing about a person's character, success or failure as a researcher. At this level of academia, we all are winners, and are all conducting research to better the lives of others. Whether you have received an award, or not, take the time to congratulate your self for 1) making it to this level of adjudication and 2) being so passionate about a topic to seek funding as a graduate student. Funding or not, give your self a pat on the back, crack open a drink, or do something that makes you happy. Life goes on, and so does research.