The UK leg of the European Satellite Navigation Competition is now open for entries.
The competition, sponsored by a number of organisations including the IET, is offering thousands of pounds in cash prizes and business incubation support to people interested taking the spark of an innovative idea and making it a reality.
In previous years the competition has helped launch a number of successful business ventures, including a new smartphone and web-based taxi hailing app, a heart-rate based game technology that encourages a healthy lifestyle and a tracking and retrieval alarm system that alerts a maritime crew when a person falls overboard.
“The UK challenge of the European Satellite Navigation Competition offers a remarkable opportunity to anyone who has a fresh and creative satellite navigation-based idea but needs a little extra support in achieving commercial success," says Paul Bhatia, general manager of the GNSS Research and Applications Centre of Excellence (GRACE), which hosts the event. “With business incubation, consultancy and patent advice as part of the prestigious prize package, it’s a once in a lifetime chance to see a product through from its infancy on the drawing board all the way through to the marketplace.”
The competition is open to anyone who has an idea that uses satellite navigation technology be it for position, time, navigation or any other application, including iPhone, iPad and Android apps, as well as applications in any professional field.
This year the lucky winner of the UK competition will receive a prize worth over £10,000 including £5,000 cash, £5,000 of business support and office space, free UK patent advice, three years membership to the Royal Institute of Navigation and introductions to industry partners and potential funding opportunities.
The UK winner will also be entered into the overall European competition, with the chance to win an additional €20,000.
Head to the official site for further information on applying.