Using challenges to invest in solutions to tackle issues

Join Chris Gorst, Challenges Director from NESTA to discover what challenge prizes are, what they involve and how you can use them.

We'll then breakout into groups and discuss what are the potential areas where we could use challenge prizes in our organisations

NESTA Challenges

Nesta Challenges exists to design challenge prizes that help solve pressing problems that lack solutions. They shine a spotlight where it matters and incentivise people to solve these issues.

They are independent supporters of change to help communities thrive and inspire the best placed and most diverse groups of people around the world to take action.

They support the boldest and bravest ideas to become real, and seed long term change to advance society and build a better future for everyone. Nesta Challenges is part of the global innovation foundation Nesta.

Challenge prizes

Offer a reward for the first or best solution to your problem; attract the best innovators, and incorporate elements from a range of innovation tools to provide them with the support they need to compete. Prizes specify a problem to be solved and incentivise solvers to address the issue in whatever way they decide is best.