This practice guide shows you how challenge prizes work and supports you to get your own prize idea off the ground.
Challenge prizes are a tried and tested way to support and accelerate change in the world. They are also making a comeback as governments and funders look for better ways to solve problems, create value and exploit the opportunities presented by collaborative technologies.
Challenge Prizes: A practice guide provides practical guidance and support to help you to explore your own challenge and, should you decide to go further, to design and run a prize.
Developed in collaboration with Nesta’s Centre for Challenge Prizes and with the support of the UK’s Department for Business, Innovation and Skills (BIS), the guide shares insights and understanding from the Centre’s own work to design and run challenges.
Challenge Prizes is part of a new series of practice guides developed by Nesta to help people to understand innovation methods and approaches and to put them into practice in their own work.