Candidacy (noun)

1. The state or condition of being a candidate for an office or position.
2. The state of being formally proposed as a candidate for an office or position.

Origin:

From latin candidatus ("a candidate"), from candidus ("white, pure") + -atus (indicating a state or condition).

Examples:

1. He announced his candidacy for the presidency.
2. She withdrew her candidacy for the senate.
3. The candidacy was announced officially.
4. The candidacy is still in the early stages.
5. He had a strong candidacy for the position.