2026 TBAT Innovation Challenge

Prize Package

More than a competition, the innovation challenge is a structured programme that supports every participating business on its innovation journey.

After our 5 workshops have taken place, businesses are invited to apply to win the overall Innovation Challenge. The winner will receive a £50,000 cash prize, and access to a £100,000 prize support package. The support package will be split between the top 3 finalists, with each package being tailored to the specific needs of the business.

Expert grant funding application support and bid writing service

From identifying the most appropriate funding opportunities to crafting and reviewing your application, our Grant Funding team can provide comprehensive support.

Growth Focused Legal Support

Expert legal support to build strong foundations, protecting ideas, shaping contracts, and reducing risk, empowering founders to grow confidently and build scalable, successful businesses.

Executive Coaching Programme from Barclays Eagle Labs

Barclays Eagle Labs & Innovation Banking Team –

A personalised executive coaching programme from Barclays Eagle Labs to help founders strengthen leadership, navigate growth challenges, attract investment and lead high-performing teams with confidence as they scale

First year of accounts

Professional accounting support from Dains to manage your first year of accounts, stay organised and compliant, and gain clear financial insight to support confident business growth.

Intellectual Property (IP) Audit to ensure your innovations and IP assets are well protected

Forresters will provide a detailed IP Audit, which can be tailored for the winner’s needs.  The IP Audit may include reviewing the winner’s IP portfolio against its business strategy and technology plans to formulate a clear IP strategy with detailed recommendations and actions for increasing the value of the winner’s IP.

CFO Strategy Day

A full day with a CFO to review your business finances and develop a forward-looking plan.

HR Strategy Day

A full-day HR session focused on reviewing your people practices and planning for the future.

Complimentary Magic Number and Cash Flow Modelling session

Rhodes Wealth Management has been helping business owners for over 19 years, advising on wealth structuring, Tax Efficient Profit Extraction  (from the business), exit strategy planning, investment readiness tailored to high-growth clients, and making sure their plans aren’t derailed by injury, illness, or death. They will arrange an initial, no-obligation meeting to explore how the Rhodes team can help your business.

Cutting-edge product design consultancy services 

A high-impact booster shot of design, innovation, and engineering services to accelerate your product development and help you deliver real business outcomes.

Waived upfront fee on Sprk’s Advanced Innovation Funding for the IC26 winner, plus preferential pricing for finalists.

Waived upfront fee on Sprk’s Advanced Innovation Funding Service for the IC26 winner, plus a 20% discount on fees for the remaining finalists.

Client Review and Manufacturing Strategy

3–5 days of tailored engineering support, including product design advice, manufacturing and supply chain review, and bill of materials optimisation, aligned to the prize-winning company’s needs.

One-Day Onsite Sales & Marketing Acceleration Workshop

On-site business development workshop for the management team, to help shape a sales and marketing plan for the winning business, along with any suitable introductions to our network.

Med-Tech Insights: Start-up zone exhibition stand at Med-Tech Expo, NEC June 2027, plus a 5-minute pitch slot at PITCH 2027 during the show.

Med-Tech Expo is firmly positioned as the UK and Ireland’s leading event for medical device manufacturing. The event brings together leaders, engineers, innovators, and manufacturers, connecting them with technology and innovation to facilitate the design and manufacture of life changing medical devices.

Recruitment Fitness Assessment, Employer Brand Development, and Digital Talent Platforms 

EMBS Talent’s blended, hybrid approach to recruitment offers business owners, hiring managers and in house teams new imaginative talent services that are not available anywhere else. Their Talent Partners have a deep, industry-lead knowledge base, ensuring they can source and deliver the UK’s best permanent, contract, and freelance resources. The winner of this prize will receive 5 days of free support.

PR Support and Strategy Sessions

Receive support from a leading PR consultancy, beginning with a discovery session and creation of a tailored PR strategy aligned to your business growth goals.

Bespoke Consultancy Package

Hands-on support from Health Innovation East Midlands, offering bespoke consultancy to help you navigate the NHS, refine your innovation, and progress towards real-world adoption.

Brand Strategy

A design-led offer to communicate your expertise, turn technical ideas into compelling stories. Creating a brand foundation that builds trust, loyalty, and community.

One-day Regulatory Workshop

A full-day regulatory workshop from Sotas, delivering expert guidance on medical device compliance, regulatory strategy, and market access to accelerate your innovation’s success.

Are you interested in applying for the 2026 Innovation Challenge?