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Home > News > New prize ...

New prize aims to find UK’s best inventions

  • Nesta and BEIS launch £50,000 prize to find UK’s best invention
  • New prize offers “best job in the world”

The search is on to find and help hidden inventors! Run by innovation foundation Nesta, supported by the Department for Business, Energy and Industrial Strategy (BEIS), The Inventor Prize is  a chance for UK’s budding inventors to receive professional mentoring and financial support to make their dreams a reality. 

The prize, supported by the Department for Business, Energy and Industrial Strategy (BEIS), will give ten of the best new inventors £5,000 and personal mentoring to develop their invention. One inventor will be chosen to receive £50,000 to turn their dream into a reality in September 2018. This is a unique opportunity for amateur inventors to dust off their brilliant ideas and bring them into the light.

Key inventors including Jane ni Dhulchaointigh of Sugru are backing the Inventor Prize, with more celebrity ambassadors to be announced closer to the launch.

Britain’s makers, innovators and entrepreneurs are a huge asset to the economy adding £18 billion to the UK economy and supporting 298,000 jobs. The number of patents filed in the UK nearly doubled from 2161 patents in 2015 to 4122 patents in 2016.

The UK has also witnessed an explosion of over 100 makerspaces, fablabs, hackerspaces and community workshops across the country in the last decade.

Business secretary Greg Clark said:

“In every corner of the country there are people creating new inventions in response to life’s everyday problems. Through our Industrial Strategy and the Inventor Prize, we want to help turn incredible ideas into products available to everyone. New inventions can change the world, so I encourage everyone who thinks they have a great idea to apply.”

Constance Agyeman, Head of International Development and Communities, at Nesta commented:

“Nesta is calling for inventors all across the UK to enter this exciting new prize. We know so many people right now are solving complex problems that affect us all in innovative ways, creating products that could change people’s lives. We also know that Challenge Prizes, like this, are an effective catalyst to stimulating innovation and fast tracking success. So if you think of yourself as a budding inventor, life-hacker or DIY disrupter, then don’t miss your chance to enter this challenge and develop your idea further.”

Mark Champkins, Creative Director at Lego  and former inventor in residence at the Science Museum, comments:

“I believe that everybody has an invention in them and people just need to embrace their inner inventor.”

 

Source: Nesta

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