info@heartofswgrowthhub.co.uk     03456 047 047

Ofwat’s Innovation Fund launches £4m open competition

Ofwat has launched the Water Discovery Challenge, a £4m open-access competition for innovators with bold and ingenious ideas that can solve the biggest challenges facing the water sector today and in the future.

 

The competition is the latest from Ofwat’s £200 million Innovation Fund, which seeks to generate new ideas to tackle issues including managing leaks, preventing pollution, improving water efficiency, reducing emissions, boosting flood and drought resilience, prioritising sustainable practices, and supporting vulnerable customers.

Where previous Ofwat Innovation Fund competitions have focused innovations from, and led by, those within the sector, the new Water Discovery Challenge is incentivising ideas from, and led by, those outside of the water sector. It is seeking solutions from industries dealing with similar challenges to those faced by the water sector, or implementing solutions that could benefit water and wastewater services in England and Wales – with no requirement for entrants to partner with a water company. The goal is to open the sector to new ground-breaking insights and thinking that benefit consumers and the environment.

Up to 20 teams of the most promising innovators will be awarded up to £50,000 to develop their ideas, with expert support and mentoring from water companies. Up to 10 will go on to win up to £450,000 to turn ideas into pilots.

Ofwat is looking for bold and innovative entrants from outside the water sector. It has identified five sectors where it believes there is particularly high potential for innovative crossovers: energy, cities and transport, construction, agriculture and farming, and digital, data and internet of things.

To deliver the competition, Ofwat is working with innovation prize experts Challenge Works, alongside global engineering, sustainability and water sector experts Arup, and Isle Utilities. In addition to financial incentives, successful teams will benefit from expert mentoring and capacity-building support, including access to insights and mentoring from water companies and support for scaling solutions for the extensive water network in England and Wales.

See the full press release here, and find out more about the Water Discovery Challenge and enter here Water Discovery Challenge – Ofwat Innovation Fund (challenges.org)

 

Water Discovery Challenge image

Recent News

Newsletter sign-up