In "Harnessing the Potential of the UK's Home Grown Inventors" - The Government's Proposed Industrial Strategy 24 Jan 2017 I blogged about the government's commitment is to:
"....... seek to harness the potential of the UK’s home-grown inventors and stimulate user led innovation by launching a challenge prize programme. This prize, which will be piloted through the NESTA Challenge Prize Centre, will help inform our support to the ‘everyday entrepreneurs’ operating in companies and at home – such as through supporting enabling environments, incubators and maker spaces."I reported on progress in The Inventors Prize 2017 29 June 2017.
In Congratulations to the Inventor Prize finalists 26 Jan 2018, NESTA reports that it had received 180 applications from across the UK which were judged by a panel of 8 judges (one of whom was Claire Mitchell of Chillipeeps who had addressed both the Leeds and Sheffield inventors clubs) in accordance with the following criteria: innovation, insight and impact, quality and safety and market potential and feasibility.
A shortlist of 10 finalists have now been selected and Emma Renowden has published their names and particulars of their inventions in Congratulations to the Inventor Prize finalists! 26 Jan 2018 on the Inventor Prize website.
According to Ms Renowden, each of those finalists will receive £5,000 and mentoring from Barclay's Eagle Labs to perfect their inventions. This seems to come close to an accelerator for inventors which I discussed in No Invention should be left behind here - the Case for Inventor Academies 27 Jan 2018. The winner, who will be chosen in September, will receive £50,000 and the runners up prizes of £5,000 and £15,000 towards the development of their inventions.
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