Below you will find our three page summary for policymakers with the key take-aways from the report.
We argue prizes should be a strategic part of the innovation funding mix in the UK, across a wide range of sectors, rather than the ad hoc use they have had so far. They can play a role in legitimising new sectors and demonstrating the benefits of new technologies.
We tentatively identify seven themes that we think have promise – and that illustrate how a national programme of challenge prizes could drive forward work on ambitious moonshots.
• Smart green shipping.
• Living maps.
• New materials for clean air.
• Carbon sequestration.
• Microbiome-based therapies.
• Personalised drugs.
• Access to space.
