OmniCompete announces that a consortium led by Global Security Challenge has been chosen by the European Commission to execute the “European Security Challenge” project, which falls under the Framework Programme 7 (FP7). The project, which officially begins today, will study the use of prizes to foster innovation, particularly in the security sector and will provide the European Commission with a range of custom-designed competition plans.
Global Security Challenge LLP was awarded the contract in partnership with Slovenian research centre Jožef Stefan Institute and French PR agency 3D Communications. The “European Security Challenge” (grant agreement 261566) project will explore the potential of inducement prizes to foster innovation in the security industry. It is part of the European Commission’s FP7-SEC-2010-1 research call, by the Directorate-General for Enterprise and Industry.
“We’re delighted to have secured this opportunity to show the European Commission that prizes and competitions can be a powerful tool for government and industry seeking to foster innovation.” said Simon Schneider, Co-President of consortium leader Global Security Challenge LLP.
The Prize Summit, a forthcoming workshop on the use of prizes to foster innovation, will fall under the remit of this project. The Summit is a collaborative effort of a group of partners led by OmniCompete, including London Business School and tech4i2.
The Prize Summit will take place on 8 April in London and will be headlined by UK Minister for Universities and Science David Willetts.
“We are looking forward to an interesting and informative dialogue on the importance of fostering innovation, and the great capacity for prizes in this way” said Sir Andrew Likierman, Dean of the London Business School.