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The Rapid Challenge

Prodrive’s innovation initiative, The RAPID Challenge returns for 2021 and applications are now open. The focus on hardware start-ups remains and they have many new partners contributing to our biggest prize package yet worth £75K 

A Challenge designed for hardware start-ups & entrepreneurs. Join The RAPID Challenge journey to commercialize your innovation. Applications now open! 

The following 3 stage process has been created with the ethos that all who pass the criteria receive value by taking part. Specifically designed to address the challenges met by those commercializing hardware projects. 

Workshop 

Projects matching the entry criteria will be invited to attend a range of workshops. These sessions will include valuable advice and insight from our challenge partners to help you build and develop the business plan for your project. Following the workshop, applicants will be asked to submit a business plan via our online template in order to reach the interview stage. 

Interview 

The business plans will be reviewed by a judging panel consisting of industry experts representing The RAPID Challenge Partners. Five successful submissions will be invited to the interview stage to present their project and business plans in more detail and answer questions from the judging panel.  The best 3 projects will proceed to the Finals event. 

The Final 

The final event will provide the best 3 projects with the opportunity to present their project to a wider audience of RAPID Challenge partners, affiliates, invited guests and investors where the winners of the prize package will be announced. 

To be eligible to apply to The RAPID Challenge, you must comply with the required criteria seen below. Entries with the desirable attributes are more likely to progress in the challenge. By submitting an application, you confirm that you comply with the entry criteria.  

£75K Prize Package 

A prize package specifically curated to benefit hardware startups.  

The prize package consists of:  

  • £5K cash prize 

  • An engineering service package from Prodrive 

  • An R&D and grant application service package from TBAT Innovation 

  • Manufacturing and design service package from RPD International 

  • Go-to-market service package and entry to the Discover 21 Programme from Bridgehead Agency 

  • Solid Edge CAD license for all applicants and an advanced CAD training course for the winner from OnePLM 

  • Discounted listing fees on Crowdcube 

  • Patent advice services from The IP Asset Partnership 

  • Invitation to HSBC corporate events 

Further information can be found in the one pager below and applications are via the website: https://www.therapidchallenge.com/