TBAT Innovation Ltd are proud to be part of The RAPID Challenge for 2021, joining Founding Partner – Prodrive Ventures for the second year running, as a Lead Partner.
Following the success of last year’s involvement, TBAT are once again offering their expertise in funding innovation through UK & EU Grant Funding and R&D Tax Relief, to the challenge applicants.
The RAPID Challenge is aimed at helping entrepreneurs and early stage businesses commercialise their hardware projects. RAPID stands for Realising Advanced Products through Innovation and Design.
Commercialising a hardware product is difficult, that’s why The RAPID Challenge aims to help you develop your product and accelerate your progress.
By joining in The RAPID Challenge journey, you’ll benefit from a series of workshops with advice and insight from a range of experts to help develop your project and business plan. The projects with the best plans stand to share in the £75,000 prize package and the opportunity to present in front of investors.
The 2020 Winner, Cosi Care Founder, Lauren Bell says, “[The RAPID Challenge] offered a design and engineering brainstorm session that opened up an exciting new direction for the development of our hero product. It also offered me (as a sole founder) the opportunity to collaborate with experienced designers and engineers to further improve the function of our cooling technology.”
2020 Runner-up Airhead added, “The RAPID Challenge is a brilliant competition for businesses developing innovative products. It allowed us to connect with a number of organisations and individuals that have been a great help for the business. Would highly recommend for any start-up looking to develop a product and scale their business.”
What is included in the prize package?
The RAPID Challenge partners have collaborated to form a prize package aimed to help realise and accelerate your project. As well as receiving the workshop content, the best projects will share the £75,000 prize package made up of:
To be eligible for The RAPID Challenge, applications must fulfil these requirements:
Applicants will also be asked to submit a short video to outline their project and business (no longer than 3 minutes). This is used to see their prototypes (if they have one) and meet the team behind the business.
Managing Director of TBAT Innovation Ltd, Matt Symonds says “We feel proud and privileged to be sponsoring the RAPID challenge for another year; really looking forward to getting involved and the opportunity to see some great innovative ideas.”
If you’d like to apply for The RAPID Challenge for 2021, please fill in the application form here.
TBAT Innovation Ltd are celebrating their 20th year of trading. To help celebrate the last 20 years, Founding Director, Sam Stephens has been reminiscing about how he began the company and the successes TBAT have had.
Book your free 1-to-1 session on 25th May 2022, to discuss how to fund your innovation, with one of our advisors, during our next Drop-in Clinic.
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