Why Challenge Prizes?
Nesta states that “Challenge prizes offer a reward to whoever can first or most effectively solve a problem. They are a tried and tested method of attracting new innovators to change the status quo. At the same time, they also challenge incumbents to redirect their efforts or think about a problem in a new way. This leads to breakthrough solutions, creation of new cohorts of innovators, and can result in systemic change.“
The following organisations are supporting the Twelve Ronnies Foundation in the generation of new ideas and the growth of an ideas economy for economic and social good.
Student Union of Anglia Ruskin University