Skip navigation

Gloucestershire Business News

National Innovation Challenge offers £150k in prizes for BAME start-ups

Innovative businesses from ethnic minority backgrounds have the chance to present their big ideas in front of global brands and investors through the Innovation Challenge.

Now in its fifth year, the challenge aims to help promote fairness and diversity to level up the corporate playing field.

In this year's Innovation Challenge Better Ideas for a Better World (aligned to UN Sustainable Development Goals), BAME start-ups and entrepreneurs will compete for prizes worth over £150k.

The Innovation Challenge aims to spotlight the best innovators across a wide range of sectors and technologies. This year's categories are:

• Advanced digital solutions

• Energy and net zero carbon

• Facilities and smart buildings

• Healthcare and wellbeing

• Social innovation

The Innovation Challenge was set up by MSDUK as part of its year-round programme of initiatives designed to fight the underrepresentation of BAME businesses in the global supply chain.

Through this challenge, MSDUK breaks down barriers to entry for young start-ups and entrepreneurs from all sectors, by providing direct access to a range of highly influential corporate sponsors. Committed to investing in a diverse supply chain, the headline sponsor is Accenture, and other sponsors include GSK, Digital Catapult, Cummins and EY.

The prizes are cash injections for the winning idea, business scholarships and mentoring, which will give the finalists the boost they need to develop their big ideas into successful businesses.

Mayank Shah, MSDUK founder, said: "We recognise that the last 18 months have been very challenging for businesses, and the Innovation Challenge is a positive step on the ladder to get back to business. We are setting the bar for this year's entrants very high because we believe that only through greater supplier diversity can our global partners find innovative solutions to the problems of tomorrow."

The deadline for entries is 30th June. The finalists chosen by the judges will take part in a live pitching final, to be held in London on 2nd September 2021.

Full details of the challenge and an entry form, can be found here.  

Related Articles

Channel 4 unveils 4Skills programmes Image

Channel 4 unveils 4Skills programmes

Channel 4 has unveiled the first tranche of its 4Skills initiatives designed to give career, development and training opportunities in the broadcast industry for people across the nations and regions.

Skills, Apprenticeships & Careers: The latest vacancies and opportunities across Gloucestershire Image

Skills, Apprenticeships & Careers: The latest vacancies and opportunities across Gloucestershire

There has never been a more challenging time to find a new job or get on the career ladder. Whether you are looking for a new role, an apprenticeship or a first job, Punchline is here to help.

Dyslexic thinking skills are mission critical for protecting the country Image

Dyslexic thinking skills are mission critical for protecting the country

For anyone who has ever felt that dyslexia has held them back, maybe they were just in the wrong industry.

It’s not too late to join CYBERUK Online Image

It’s not too late to join CYBERUK Online

CYBERUK will be taking place online today (11th May) and tomorrow, and it’s not too late to join.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.