Tris Dyson_Nordic Health and Welfare Innovation Arena

Tris Dyson, Director Centre for Challenge Prizes, Nesta

Public Services Lab The Public Services Lab works with a wide network of

partners to develop and test new ways of meeting social needs

Focus on people powered public services and the public and social innovation system

v Innovation in Giving

Nesta Impact InvestmentInvesting for impact in early stage social ventures

£25 million to invest in social ventures with innovative products or services that are addressing some of the UK’s most pressing challenges. In particular, seeking innovations that have a positive impact on:

• The health and wellbeing of an ageing population;• The educational attainment and employability of children and young people; • The social and environmental sustainability of communities. Nesta Impact Investment are looking for organisations that have high potential social impact that can be evidenced, and a financially viable business model capable of producing a return on investment.

For more information - http://www.nestainvestments.org.uk/

What? A hub to bring together expertise on challenge prizes and to run challenge prizes to solve challenges for the public good.

Why? To increase practical evidence and understanding about challenge prizes so they can be used effectively by governments, charities and

businesses. To have a tangible positive impact on society through challenge prizes.

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What is a Challenge Prize?

First Most

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What is NOT a Challenge Prize?

Recognition Subjective

NASA Criteria of Successful Problems

a) The simpler, the better b) Relevant to Mission c) The right level of difficulty

d) Interest for sponsors and competitors e) Follow on Opportunities

f) Public Excitement

Good Problem

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1795 Napoleon’s Preservation Prize

1869 Napoleon III Butter Substitute Prize

History of Prizes…

1714 Longitude Prize

The Resurgence in Prizes…

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1. Armand Hammer Cancer Prize2. Rockefeller Prize for Rapid STD Test 3. NHS Innovation Prize 4. Global Security Prize 5. Nesta Challenge to reduce social isolation of Older

People

Prizes in Health & Welfare

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Why are Challenge Prizes effective?

1. Cost Effective

2. Galvaniser

3. Profile Raiser

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What Makes a Prize Worthy Problem?

Solvable but not too solvable 1

Solution will be accelerated2

Solutions can come from many sources 3

Solution is relevant to improving lives4

Solution will be adopted (taken to market) 5

NASA - Unmanned Aircraft Systems Airspace Operations Challenge (UAS OC) $500 US

DARPA Robotics Challenge ($10m US - Contract)

Nesta Big Green Challenge (£1m GBP Prize Pot)

Prize for Life($1m US)

Wendy Schmidt Oil Clean Up Challenge ($1m US)

Examples

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Prizes for Procurement

UNDP Renewable Energy Challenge 1

The ‘Maker Prize’ Assisted Living Technology 2

US Health Design Challenge 3

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Prizes for Awards

Extending Market Boundaries / Creating new markets

£50-£100k

Extended Production Boundary

Stimulating Prize-Amenable Markets

Scope to Extend Resource Capacity

Many Small Innovations

Step Change Large ScaleInnovations

Market Making

New innovation / existing market

Disrupt an existing or developing market

1

£250-£1M £10-£100M

Stimulating Innovations in existing Markets

1

2

3

2

Entirely new solution/market

3

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In Health?

Make cancer a containable disease in 10 years

A person can affordably have a full DNA screening in their supermarket

Point of care testing to eliminate child mortality from malaria

Early diagnosis of cancer with bio-markers monitored by a robotic device that can transfer information to your mobile phone

Halt a flu pandemic within 1 month

Halt a Flu pandemic with a vaccine based on new structural information

A real time check on calorific balance

Alternative to Antibiotics

NASA Criteria of Successful Problems

a) The simpler, the better b) Relevant to Mission c) The right level of difficulty

d) Interest for sponsors and competitors e) Follow on Opportunities

f) Public Excitement

What is a Good Problem for you?