Have you got an idea for a brilliant gadget? Budding inventors are being offered £30,000 worth of Research & Development expertise to get their products to market – but they need to act fast. There is just a week to go until entries close on 5th November for the Morgan Innovation & Technology Prize. It will go to the entry with real commercial potential to change people’s lives for the better.
First prize is £30,000 of R&D expertise from a team of invention specialists who will help the winner develop their amazing idea. Second prize is R&D to the value of £10,000.
The prize was launched this year by Morgan Innovation & Technology (MIAT) to celebrate its 30th Anniversary. The family-run company based in Petersfield, Hampshire, designs, develops and manufactures new products and invests 20% of its turnover every year into helping inventors turn their ideas into reality.
Funding for new products
CEO Nigel Clarke said: "We know from our own experiences that practical help and support can often be more valuable to an early stage inventor than cash, so we decided the prize should be made up of R&D and manufacturing services to ensure we deliver a tangible benefit to the winner."
Entries will be judged by TV presenter Jon Bentley of Gadget Show fame. He said: "I'm excited to help judge an award that fosters innovation and harnesses creativity to generate ground-breaking visionary products."
Entry to the Morgan Innovation & Technology Prize 2017 is free: http://www.miatprize.co.uk/. The winners will be announced in January.