THE RAPID CHALLENGE
Commercialising a hardware product is difficult, that’s why The RAPID Challenge aims to help you develop your product and accelerate your progress.
Why it has been set up?
Commercialising a hardware product is difficult, that’s why The RAPID Challenge aims to help you develop your product and accelerate your progress
The RAPID journey
By joining in The RAPID Challenge journey, you’ll benefit from a series of workshops with advice and insight from a range of experts to help develop your project and business plan. The projects with the best plans stand to share in the £50,000 prize package and the opportunity to present in front of investors.
Who is behind The RAPID Challenge?
The RAPID Challenge has been created through the collaboration of contributing partners who share a desire to support and promote early-stage hardware businesses. The challenge can be a catalyst for the development of exciting new hardware projects with commercial potential and provide a rewarding journey for applicants. The RAPID Challenge is run by Prodrive Ventures, the hardware investment arm of Prodrive.
Why take part?
The RAPID Challenge partners have collaborated to form a prize package aimed to help realise and accelerate your project. As well as receiving the workshop content, the best projects will share the £50,000 prize package consisting of:
- £5K cash prize
- £10K engineering services from Prodrive
- Business advice services from KPMG
- £10K Patent advice services from The IP Asset Partnership
- £20K Cloud computing credits for 12months
- Early business legal advice package from Clayden Law
- Microsoft Surface Book
- Access to Natwest accelerator hub on 6 month programme
- 12 months accounting software license
- Bing credits for finalist
Don't miss out on this opportunity and apply now! For full applicants criteria and application process, click here.