Nesta Launch Inventor Prize

The £50,000 Inventor Prize is looking for the UK’s best inventions that help make people’s lives better.

The Inventor Prize, run by Nesta and funded by the Department for Business, Energy & Industrial Strategy (BEIS) aims to help smaller inventors overcome the barriers they face by supporting individuals, teams or companies to access resources and support.

To be eligible, entrants will have to have a working model and be able to show that their invention will help to tackle an important societal issue. The Inventor Prize will support 10 finalists to scale and grow, and help them in their journey to getting their product to market.

The prize will seek to:

Support the development of selected products
Build the capacity of prize participants (inventors)
Champion and raise the profile of the lone or small scale inventor

£50,000 will be awarded to the finalist that best demonstrate meeting the judging criteria. There will be two runner up prizes of £5,000 and £15,000 for two most promising products.

For more information: http://inventor.challenges.org/

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