Moonshots and Missions

How prizes generate the innovation we need

Q&A with David Gill, MedTech Investment Expert

Advice to innovators working to raise funds for medtech product development

Announcing the winners of Open Up 2020

The apps helping UK consumers manage their money better

Video: Life After Lockdown

Challenges and opportunities for the disability community

Rapid Recovery Challenge

Improving access to jobs & money amid COVID-19

The Great Innovation Challenge Report

Boosting science and innovation in the UK

What is a challenge prize?

Challenge Prizes are competitions that take a specific problem and incentivise people to solve them with their own ideas, technology and sustainable solutions.

Latest Challenges

Rapid Recovery Challenge

Improving access to jobs and money in the wake of COVID-19

£2.8m | Open for applications | Ends Sept 2020

Global Surgical Training Challenge

Low-cost, open-source surgery simulation training modules

$5 million |Open for applications| Ends Dec 2022

Longitude Prize

Developing a point–of–care diagnostic test that will conserve antibiotics

£8 million | Open for applications | Ends 2022

European Social Innovation Competition 2020

Changing behaviours for sustainable fashion

€50k | Winner announcement Autumn 2020

Stories from around the world

How have we improved lives through challenge prizes? See our case studies here.

Smart Ageing Prize

Solutions that support, empower and inspire older adults to engage in entrepreneurship

€50k | Finalists announcements Oct 2020

CareerTech Challenge Prize

Digital solutions that enable adults to plan their future careers.

£1.2 million | Ends March 2021

We have awarded £12.5 million

in Challenge Prizes since 2010

Mobility Unlimited Challenge

The Mobility Unlimited Challenge supports radical improvements in the mobility and independence of people with lower-limb paralysis through smarter assistive technology.

$1m | Winners announced Dec 2020

Flying High Challenge

Shaping the future of urban drone use in the UK to meet local needs.

This project started in December 2017 and is ongoing.

Our latest news & views

The Long Read: Q&A with David Gill, MedTech Investment Expert

Blog

The top four money management apps crowned winners of Open Up 2020

News

Life After Lockdown: Challenges and opportunities for the disability community

Blog

Multimedia

Rapid Recovery Challenge has launched: meet the judges

Blog

More Challenges

Longitude Explorer Prize 2020

Teams of young people planning ideas to make the world a better place with Artificial Intelligence (AI)

£25k |Ended June 2020

We create breakthrough innovations

Prizes help new ideas grow and reward breakthrough solutions.

Open Up Challenge 2020

Unlocking the power of open banking for UK consumers

£300k | Ended July 2020

We help innovators thrive

Prizes support innovators by providing funding, expertise, profile-raising, investment and build networks.

Affordable Credit Challenge

Supporting tech solutions to increase access to affordable, responsible credit.

£200k | Ended March 2020

What do we achieve?

Challenge prizes create breakthrough innovation, help innovators thrive and unlock systemic change.

See our impact.

Legal Access Challenge

Solutions that directly help individuals and SMEs understand and resolve their legal problems.

£100k | Ended April 2020

We unlock systemic change

Prizes raise awareness, inform policy and shape the future of markets and technologies.

Tech to Connect Challenge

Finding ways that tech can tackle social isolation and loneliness.

£100k | Ended March 2020

How challenge prizes can kickstart the British economy

The government’s ambitious plans to boost science and innovation are a golden opportunity for bold, game-changing investments.

What have we done so far?

£12.5 million

awarded in Challenge Prizes since 2010

72

different industries are currently involved in Challenge Prizes

2,534

Prize applications in the last 8 years

Explore