Inventor Prize

The £50,000 Inventor Prize is looking for the UK’s best inventions that help make people’s lives better. We are looking for innovative and exciting new products that haven’t been on sale before.

 

Prize launch
9 August 2017
Prize launch
9 August 2017
Deadline for entries
22 October 2017
Deadline for entries
22 October 2017
Announcement of finalists
Early December 2017
Announcement of finalists
Early December 2017
Induction Event for finalists
Early January 2018
Induction Event for finalists
Early January 2018
Award Event
September 2018
Award Event
September 2018

Introducing our Inventor Prize Finalists!

We recently announced our 10 Inventor Prize Finalists, who all came together for the first time to start their Inventor Prize journey at the end of January. Find out more about our finalists on the Finalist page, or watch the video below!

 

About the Inventor Prize

At its simplest, inventing is problem solving. It’s working out how to improve existing solutions or coming up with something new that could fill a gap no one else has seen. But coming up with an idea is only part of the journey.

We know that people across the UK have ideas that, with a bit of support, could be developed into fantastic products that would help improve people’s daily lives but in reality it’s not that easy.

The Inventor Prize is a pilot, run by Nesta and funded by the Department for Business, Energy & Industrial Strategy (BEIS). The prize aims to help smaller inventors overcome the barriers they face. We want to support individuals, teams or companies that would likely struggle to otherwise access resources and support. Unlike other programmes, the Inventor Prize is athematic, open to products that relate to any issue as long as that product helps to make people’s lives better, thereby helping to tackle a social issue affecting the UK.

 

 

To be eligible, entrants 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 is currently supporting 10 finalists with great products to scale and grow, and help them in their journey to getting their product to market with non-financial support provided by Barclays Eagle Labs. You can learn more about our finalists on the Finalist page. 

The prize seeks 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.

See the FAQs for more information about the finalists journey.

 

Get in touch!

See the Challenge Prize Terms and Conditions and FAQs.

For further updates, contact us at inventorprize@nesta.org.uk or follow us on Twitter and join the conversation using the hashtag #InventorPrize.


Prize Partners

The Department for Business, Energy and Industrial Strategy (BEIS) brings together responsibilities for business, industrial strategy, science, innovation, energy, and climate change.

BEIS website

 

 

 

The Challenge Prize Centre (CPC) was established to increase practical evidence and understanding about challenge prizes so they can be used effectively by governments, charities and businesses to have a tangible positive impact on society.

CPC website

 

 

Barclays Eagle Labs are providing non-financial support to all finalists, which includes tailored support from mentors and industry experts as well as access to Maker Space facilities and co-working desk space.

 

 

 

Prize blog