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ICT Inducement Prizes Design for Innovation and Entrepreneurship

Objective

On the battle fields of Europe some centuries ago, Napoleon had a problem: how could he feed his troops when the countries he was invading were not able or inclined to provide food?
The French military leader believed in the power of inducement prizes to incentivise innovation. In 1810 he offered a reward of 12,000 francs to François Appert for his preserving food innovation that revolutionised the can food process and solved the problem of food scarcity in the battlefield.

In recent years, there has been a renewed interest in challenge prizes across the private, public and third sectors.

This consortium of Nesta, Scuola Superiore Sant’Anna and Burson Marsteller will use the full extent of the partnership’s innovation, prize design and research expertise and European networks to conduct an in depth research with a focus on need and potential for breakthrough innovation, in order to design 8-12 inducement prizes in key ICT thematic areas to solve societal challenges affecting European communities.

We will carry out rigorous analysis of the market amenabilities by combining desk research and expert interviews to identify key ICT thematic areas of technological and societal challenges that potential inducement prizes will solve. We will then deliver a series of expert workshops to validate the research findings.
With our inducement prizes’ expertise, we will effectively use the research to design the inducement prizes and inform the most appropriate size of associated funds for each prize. This will include modelling of the inducement prize concepts, definition of success criteria and draft of prize competition rules, underpinned by plans for evaluations, operations and dissemination.
Alongside the research and design activities we will draw on our presence across Europe to draft an effective communication strategy to guarantee that inducement prizes will be well received by a broad community of traditional and non-traditional innovators and potential investors.

Keywords

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

CSA - Coordination and support action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-ICT-2014

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Coordinator

NESTA
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 349 102,96
Address
58 VICTORIA EMBANKMENT
EC4Y 0DS London
United Kingdom

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Region
London Inner London — West Camden and City of London
Activity type
Research Organisations
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 349 103,21

Participants (2)

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