Announcing the Launch of the Smart Data Discovery Challenge

Exciting news for all innovators, entrepreneurs, academia, and the civil society! The Department for Business & Trade, Challenge Works, the Open Data Institute (ODI), and Smart Data Foundry are announcing the launch of the Smart Data Discovery Challenge.

Smart Data’s potential impact

From the 26th of October to the 8th of December 2023, the consortium will welcome ideas from across sectors. They invite participants to share their most innovative use case ideas that drive a consumer-focused Smart Data economy.

The heart of this challenge lies in discovering the leaders in the Smart Data domain. Those with the most compelling cross-sector Smart Data use case ideas will be recognised. Their expert panel will review all submissions and choose the most innovative. If your idea is selected, you will have the opportunity to refine it further in collaboration with their expert team.

And that’s not all!

The Discovery Challenge will peak in March 2024 with an event dedicated to the rising Smart Data community. Here, the best ideas will take center stage, with participants pitching their proposals. The stakes? Financial rewards from a prize pool of up to £20,000! The most outstanding pitches can win individual prizes of up to £5,000 each.

But the journey doesn’t end with the Discovery Challenge. 2024 will witness the inauguration of the Smart Data Challenge Prize. Those participating stand a chance to gain a portion of an impressive £750,000 and gain exclusive access to a customised data sandbox. This unique platform will empower participants to prototype and test a plethora of cross-sector Smart Data use cases.

So, whether you’re an individual bursting with innovative ideas or an organisation ready to make waves in the Smart Data sphere, you are encouraged to apply.