Challenge Prize Centre services: A hub of expertise
The Centre 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.
We can help you solve a problem with our methodology.
Our work falls within five keys areas
- global health
- economic growth
- energy and environment
- wellbeing and communities and
- new frontiers
But our holistic approach also recognises that problems are often multidisciplinary and affect various different sectors, so we are not exclusive to these.
Launched in 2012, our Challenge Prize Centre is a hub of expertise on challenge prizes; as well as running prizes to help solve some of society's most pressing challenges, we aim to increase practical evidence and understanding about challenge prizes, and how they can be used effectively by governments, charities and businesses to have a tangible positive impact on society.
Our goal is to show that challenge prizes are not just effective at changing how things are done in the short term, but can also be used to help solve long term social challenges.
We can research the problem and find the best way forward
At the foundation of all the Centre’s prizes is robust foresight and research, supporting the identification of present and future challenges that incentivise visionary new ideas.
Meeting challenges demands innovation and innovation demands releasing the potential of the brightest minds. We develop challenge prizes that excite and engage these minds to solve problems so that solutions are better and faster, pushing frontiers and advancing society.