Date post: | 16-Jan-2015 |
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Health & Medicine |
Upload: | nordic-innovation |
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Tris Dyson, Director Centre for Challenge Prizes, Nesta
Public Services Lab The Public Services Lab works with a wide network of
partners to develop and test new ways of meeting social needs
Focus on people powered public services and the public and social innovation system
v Innovation in Giving
Nesta Impact InvestmentInvesting for impact in early stage social ventures
£25 million to invest in social ventures with innovative products or services that are addressing some of the UK’s most pressing challenges. In particular, seeking innovations that have a positive impact on:
• The health and wellbeing of an ageing population;• The educational attainment and employability of children and young people; • The social and environmental sustainability of communities. Nesta Impact Investment are looking for organisations that have high potential social impact that can be evidenced, and a financially viable business model capable of producing a return on investment.
For more information - http://www.nestainvestments.org.uk/
What? A hub to bring together expertise on challenge prizes and to run challenge prizes to solve challenges for the public good.
Why? 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 through challenge prizes.
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What is a Challenge Prize?
First Most
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What is NOT a Challenge Prize?
Recognition Subjective
NASA Criteria of Successful Problems
a) The simpler, the better b) Relevant to Mission c) The right level of difficulty
d) Interest for sponsors and competitors e) Follow on Opportunities
f) Public Excitement
Good Problem
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1795 Napoleon’s Preservation Prize
1869 Napoleon III Butter Substitute Prize
History of Prizes…
1714 Longitude Prize
The Resurgence in Prizes…
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1. Armand Hammer Cancer Prize2. Rockefeller Prize for Rapid STD Test 3. NHS Innovation Prize 4. Global Security Prize 5. Nesta Challenge to reduce social isolation of Older
People
Prizes in Health & Welfare
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Why are Challenge Prizes effective?
1. Cost Effective
2. Galvaniser
3. Profile Raiser
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What Makes a Prize Worthy Problem?
Solvable but not too solvable 1
Solution will be accelerated2
Solutions can come from many sources 3
Solution is relevant to improving lives4
Solution will be adopted (taken to market) 5
NASA - Unmanned Aircraft Systems Airspace Operations Challenge (UAS OC) $500 US
DARPA Robotics Challenge ($10m US - Contract)
Nesta Big Green Challenge (£1m GBP Prize Pot)
Prize for Life($1m US)
Wendy Schmidt Oil Clean Up Challenge ($1m US)
Examples
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Prizes for Procurement
UNDP Renewable Energy Challenge 1
The ‘Maker Prize’ Assisted Living Technology 2
US Health Design Challenge 3
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Prizes for Awards
Extending Market Boundaries / Creating new markets
£50-£100k
Extended Production Boundary
Stimulating Prize-Amenable Markets
Scope to Extend Resource Capacity
Many Small Innovations
Step Change Large ScaleInnovations
Market Making
New innovation / existing market
Disrupt an existing or developing market
1
£250-£1M £10-£100M
Stimulating Innovations in existing Markets
1
2
3
2
Entirely new solution/market
3
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In Health?
Make cancer a containable disease in 10 years
A person can affordably have a full DNA screening in their supermarket
Point of care testing to eliminate child mortality from malaria
Early diagnosis of cancer with bio-markers monitored by a robotic device that can transfer information to your mobile phone
Halt a flu pandemic within 1 month
Halt a Flu pandemic with a vaccine based on new structural information
A real time check on calorific balance
Alternative to Antibiotics
NASA Criteria of Successful Problems
a) The simpler, the better b) Relevant to Mission c) The right level of difficulty
d) Interest for sponsors and competitors e) Follow on Opportunities
f) Public Excitement
What is a Good Problem for you?