The 2022 Innovation Challenge

The 2022 Innovation Challenge theme is Corporate Sustainability. Corporate sustainability is more than just protecting the environment. A sustainable business is one that works in step with societal and environmental goals, rather than at odds with them. Corporate sustainability is a business strategy for long-term growth that works in harmony with people and the planet.

Who is this for? This competition is open to ethnic minority businesses that have a product, service or solution that can help corporates be more sustainable.

Get your ideas infront of decision makers This is an opportunity to get your business in front of 100+ global brands and investors.

Why enter? Winning the Innovation Challenge can provide unique and exclusive opportunities to be mentored or work with our sponsors to develop your business further and fast track your success

Challenge Categories:

  • Environmental Pillar Sponsored by Cummins Products, services or solutions that can help corporates be more environmentally conscious. Sustainable packaging/Recycling/ Green energy/Managing waste/ Decarbonisation/Eco-friendly products/ solutions Locally sourced/produced
  • Economic Pillar Sponsored by EY Helping corporates increase business efficiencies through sustainable practices. Efficient resource management/ Customer loyalty/ New market opportunities/ Producing goods and services sustainably/ Cost reduction
  • Social Pillar Sponsored by GSK This category relates to solutions that promote health, safety and wellbeing for employees, customers or communities of a corporate. Human Resources/Safety products or equipment/Mental health Education / Skills Development/ Childcare/ Travel/ Medical devices/ Healthcare/ Social equality/ Helping disabilities

OVERALL WINNER PRIZES

  • £20,000* Cash Prize - Introduction to our corporate network and other Ethnic Minority Businesses 
  • 12-18 months Corporate Mentoring - Corporate mentoring from Accenture 
  • 1 Year premium MSDUK Membership - Unlimited access to MSDUK programmes and events 

SPECIAL CATEGORY PRIZES

3 x £2000 Special Awards Prizes - Our corporate partners have specific challenges in their business. If you have a solution that can address these, you'll automatically be entered to win a special award of £2000 if you are selected. For more information visit: msduk.org.uk/programmes/innovation-challenge  

(*Terms and conditions apply. Prizes also available for category winners and finalists) 

Need advice?

For questions and guidance please contact: joannac@msduk.org.uk or visit: msduk.org.uk/programmes/innovation-challenge