Nesta, the UK’s innovation foundation, is currently running the ‘Hands Off My Bike!’ challenge prize, which calls on people from all over the UK to come up with breakthrough innovations to make it more difficult to steal bikes and have the potential to increase numbers of people cycling in the UK.
The winning innovation will be the one that requires the longest time to steal the bike. The innovation will also be judged on the impact on the environment, cost and potential for commercialisation and/or implementation at scale.
There’s a £50,000 prize for the winning entry and it’s open to any individual or organisation. Closing date for entries: 18th January 2013.
Join the challenge and get further details here.
Nesta is an independent charity with a mission to help people and organisations bring great ideas to life. Following the launch of a report ‘Our Frugal Future: Lessons From India’s Innovation System’, in July 2012, they held a half day workshop to bring together leading thinkers on innovation in India, asking whether there are implications for other countries, including the UK.
At this meeting, Professor Jaideep Prabhu, (Director of the Centre for India & Global Business at Judge Business School, University of Cambridge and author of Jugaad Innovation), talked about the opportunities surrounding the Indian innovation system.
Jaideep Prabhu, Balram Bhargava and Geoff Mulgan
Over the past few years Jaideep has been tasked with looking at India’s role in the global economy. Innovation has increasingly become a topic of importance in India and he set out to learn from the experiences of other countries. In doing so he recognised that India is very good at cutting costs in innovation and is extremely flexible in its approach, compared to the more formal approaches of the West.