A Challenge designed for hardware start-ups & entrepreneurs
The following 3 stage process has been created with the ethos that all who pass the criteria receive value by taking part. Specifically designed to address the challenges met by those commercialising hardware projects.
Projects matching the entry criteria will be invited to attend a range of workshops. These sessions will include valuable advice and insight from our challenge partners to help you build and develop the business plan for your project. Following the workshop, applicants will be asked to submit a pitch deck including their business plan in order to reach the interview stage.
The business plans will be reviewed by a judging panel consisting of industry experts representing The RAPID Challenge Partners. Five successful submissions will be invited to the interview stage to present their project and business plans in more detail and answer questions from the judging panel. The best 3 projects will proceed to the Finals event.
The final event will provide the best 3 projects with the opportunity to present their project to a wider audience of RAPID Challenge partners, affiliates, invited guests and investors where the winners of the prize package will be announced.
THE RAPID CHALLENGE
£50K Prize Package
A prize package specifically curated to benefit hardware startups. The prize package consists of:
£5K cash prize
An engineering service package from Prodrive
An R&D and grant application service package from TBAT Innovation
Discounted listing fees on Crowdcube
Patent advice services from The IP Asset Partnership
An early business legal advice package from Clayden Law
Applications opening soon
Applications for 2021 The RAPID Challenge will open soon. Read more about the application criteria on the apply page.
Below is a summary of the key stages for the Challenge
Live Event, Hopefully!