The timeline below outlines key stages of the participant journey. For more details please refer to the Prize FAQs.
Prize opens for entries - help us spread the word!
Entrants must submit their online application by 11 pm (23:00) GMT on 22 October 2017.
All eligible entries will be assessed against the judging criteria and reviewed by the judging panel. Ten applications showing greatest potential against the judging criteria will be shortlisted and announced in early December 2017. All entrants will be informed about the decision relating to their application.
Shortlisted finalists will be invited to the Induction Event to learn more about the development process as well as key deadlines and requirements. Each team will receive tailored support and advise relevant to their products as well as £5,000 grant each.
The finalists will be supported to develop and test their products. They will be also expected to write regular blogs and attend relevant events.
For a chance to win the prize, all finalists will be required to complete a business plan and present their products to judges at the final judging panel.
The announcement of the winners will be made in September 2018. The winner will receive a £50,000 grant to help get their product to market. Two runner up grants, worth £15,000 and £5,000 each, will also be awarded.