The Department for Business, Energy & Industrial Strategy (BEIS) and Innovation Foundation Nesta have launched the £50,000 Inventor Prize, to inspire and harness the potential of the UK’s home-grown inventors and stimulate user-led innovation.
The prize will support individuals and small organisations to set their innovative products on the road to market. The winning product will be a new, adapted or repurposed physical or digital product utilised in a more effective way for its intended use. Entries are invited from individual inventors, small teams and small companies in the UK. Applications from unincorporated groups are welcome, however, if an unincorporated association or group is selected as a finalist, they must be willing to incorporate. Entrants must also have a working model of the product, be able to demonstrate how it works and explain how the invention will help to make people’s lives better. There will be two runners up prizes of £5,000 and £15,000 for two most promising products.
Entries must be submitted by 11pm on the 22nd October 2017.