Female entrepreneurs could get £50,000 each plus a package of mentoring, coaching and tailored business support to help them to succeed and inspire a new generation of women to innovate.
It follows an earlier women-only competition in 2016, which saw our award holders build their businesses and challenge the perception of what it means to be an innovator.
Winners included Shakar Jafari, who has developed a radiation detection system for cancer, and Elena Dieckmann of sustainable start-up Aeropowder, one of Forbes’ 30 under 30.
Fanzi Down, Commercial Director at DPS Designs and a previous award holder, says:
So many women - myself included - don’t self-identify as innovative, preventing them from stepping forward for transformative opportunities like this.
I’d challenge any woman with a vision to apply, to discover what reaching their full potential could really mean for them.
While the number of UK women engaging in entrepreneurial activity was found to be around half the level of men in a 2017 report, encouragingly Innovate UK has seen a 70% increase in registrations for funding from women since launching the campaign.