Here’s what we’re offering to support our innovators
Challenge prizes aim to incentivise innovation and take a stage-gate approach to funding. We release funds in increments as the challenge progresses and the judging process moves successful participants onto the next stage of the Challenge.
Funding will be awarded at each stage of the Rapid Recovery Challenge:
In addition to funding, the Rapid Recovery Challenge will offer Challenge participants non-financial support from internal experts and external partners.
We will work with you to identify areas where you might need help and aim to get you best in class support. We are working to finalise the support program, but you can expect it to include access to:
As a Rapid Recovery Challenge participant, you would have a dedicated member of our team helping you access this support and navigate all elements of the Challenge.
By May 2021, the 12 semi-finalists will be assessed by the judging panel and six finalists will be selected. By September 2021, the six finalists will be assessed by the judging panel and two winners will be selected. Details of these 2021 assessment processes will be published at a later date, but will likely include a combination of paper-based submissions, face-to-face assessment and end user feedback (which we will collect through an external impact evaluator).
We will also ask semi-finalists and finalists to help us track information to understand the overall impact of the Challenge. This information will not be used in the judges’ decision-making. This will include: