How do we incentivise innovators of all disciplines to solve our biggest social problems? From life-saving drones to mapping rainforests to AI fighting dementia, challenge prizes can enable major breakthroughs.
Small impact ventures can make a big difference in their local communities. But sometimes they need a helping hand – that’s where Amsterdam Impact is stepping in, as part of a multi-year plan to grow the impact economy.
Innovation lessons of past decades have fallen by the wayside. Challenges offer better value for money, more diversity of approaches, and a means to shape markets ripe for development – and could provide the moonshot advances that society needs.