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THE PROCESS
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.
1
Workshop
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 business plan via our online template in order to reach the interview stage.
2
Interview
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.
3
Final
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
£75K Prize Package
A prize package specifically curated to benefit hardware startups. The prize package consists of:
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£5K cash prize
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An engineering service package from Prodrive
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An R&D and grant application service package from TBAT Innovation
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Manufacturing and design service package from RPD International
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Go-to-market service package and entry to the Discover 21 Programme from Bridgehead Agency
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Solid Edge CAD license for all applicants and an advanced CAD training course for the winner from OnePLM
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Discounted listing fees on Crowdcube
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Patent advice services from The IP Asset Partnership
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Invitation to HSBC corporate events
KEY DATES
The RAPID Challenge Process
Applications for The RAPID Challenge 2022 will be opening later this year, return to this website for information in due course.
Read more about the application criteria on the apply page.
Below is a summary of the key stages for the Challenge
04
01
02
03
05
Applications Open
Applications Close
Workshop
Interviews
Final
STAY IN TOUCH
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