- Launch of the Longitude Dementia Prize September 2022 calling for new assistive technologies that bridge the cognitive gaps of people with dementia.
- He will reward $4.8 million seed funding and development grants will be awarded to the most promising teams of innovators.
- First prize of $1.6 million to be awarded in early 2026.
- Supported by AGE-WELL in CanadaThe prize is funded by the UK’s Alzheimer’s Society and Innovate UK, and delivered by challenge prize experts, Challenge Works.
TORONTO, July 30, 2022 /CNW/ – AGING WELL associates with The challenge works to support the new £4.1 million ($6.4 million BODY1) Longitude Prize in Dementia which will reward innovators developing assistive technologies for people with dementia. It will spur a new generation of assistive technologies, helping people stay independent in their homes for as long as possible – one of the best ways to slow the progression of disease.
The £4.1m Longitude Dementia Prize will award £3.1m ($4.8 million CAD) in seed funding and grants to the most promising innovators, with £1 million ($1.6 million CAD) prize awarded to the winner in early 2026. Funded by Alzheimer Society – the UK’s leading dementia charity – and Innovate in the UK – the UK government’s innovation agency – the Longitude Dementia Prize is awarded by global challenge prize experts, Challenge Works.
Open for registration in September, and championed by AGE-WELL, from Canada innovators are invited to develop technologies that learn about the lives and routines of people with dementia at an early stage, using artificial intelligence and machine learning to adapt to their changing condition.
Broader support has been funded to provide innovators with crucial knowledge and expertise, facilitating everything they need to bring their ideas to life. AGE-WELL, with its long track record of supporting the development of innovations and technologies for healthy ageing, will be a key partner in providing tailored support to innovators named semi-finalists for the award in early 2023.
“More than half a million Canadians live with Alzheimer’s disease or another dementia2. New technologies in the areas of artificial intelligence and machine learning offer an unprecedented opportunity to help people with dementia maintain their independence and stay in their homes longer,” said dr. Alex Mihailidis, Scientific Director and CEO of AGE-WELL, from Canada technology and aging network. “We are truly delighted to support this important new award, which will tap into the spirit of innovation that abounds in the AgeTech sector.”
“We know there are treatments around the corner, but we want to change the way people live with dementia now,” said Kate LeeCEO of the Alzheimer Society. “Current technologies supporting dementia care focus on monitoring people and alerting their caregivers, but there are real opportunities for innovation that will help people live happily and independently. The Longitude Award on dementia will provide technologies that become an extension of the individual’s working “brain” and memory in a way that is specific to their needs – allowing them to continue to live at home and do the things they love as long as possible.”
Since 2012, Challenge Works has organized more than 80 awards, in the areas of global health, climate change and pollution, consumer services and advanced technologies. To date, it has given away £84m ($130 million CAD) in funding and engaged with 12,000 innovators. Over the past few years, he has worked closely with the Government of Canada embed the use of challenge awards across government, including $14.5 million Afri-Plastiques Challenge funded by Global Affairs Canada to scale solutions to ocean plastic pollution in sub-Saharan Africa. He recently worked with the Weston Family Foundation to launch the Local Innovation Challenge – a $33 million award to promote the development of tools and technologies that enable Canadian farmers to grow fresh fruit out of season.
“The Challenge Prizes encourage the development of breakthrough technologies to solve some of the most intractable problems of our time,” says Tris DysonCEO of Challenge Works. “By leveling the playing field for innovators, through an open competition, with seed funding and expert capacity building support, they enable a diversity of approaches to a problem to progress through the competition. , the best solution only winning first prize after proving its effectiveness.”
Full details of the Longitude Dementia Prize will be announced in September 2022 when the prize is launched and the registration period opens. Innovators interested in participating can visit dementia.longitudeprize.org express interest before the September launch.
Notes to editors:
1 GBP1 = $1.56 – To correct July 19, 2022
Challenge Works is the new name of Nesta Challenges. We are a social enterprise founded by UK innovation agency Nesta. For a decade, we’ve established ourselves as a global leader in designing and delivering high-impact challenge awards that encourage cutting-edge innovation for social good. Over the past 10 years, we’ve hosted over 80 awards, distributed £84 million in funding and engaged with 12,000 innovators.
The world is at a critical moment. Together, we face multiple complex problems, but there is enormous opportunity to uncover solutions and expand the frontiers of innovation. The impact of climate change is being felt harder every year, but innovation can mitigate this impact; the growth of chronic diseases and growing global inequality in access to health care can be reversed; an increasingly complex, connected and digitally-driven world poses a multiplicity of societal challenges, but also makes rapid, positive and life-changing technological change possible – if harnessed and directed correctly.
We believe that no challenge is insoluble. Challenge Works partners with organizations, charities and governments around the world to unearth the entrepreneurs and their innovations that can solve the biggest challenges of our time.
The Challenge Awards champion open innovation through competition. We specify a problem that needs to be solved, but not what the solution should be. We offer significant cash incentives to encourage various innovators to apply their ingenuity to solve the problem. The most promising solutions are rewarded with seed funding and expert capacity building support, so they can prove their impact and effectiveness. The first or best innovation to solve the problem wins. This approach levels the playing field for unknown and previously untested innovators so that the best ideas, no matter where they come from, are harnessed to tackle the world’s toughest challenges.
Challenge Works is the trading name of Nesta Challenges. Visit us at challengeworks.org
AGE-WELL NCE Inc. is from Canada Technology and Aging Network. The pan-Canadian network brings together researchers, seniors, caregivers, partner organizations and future leaders to accelerate the delivery of technology solutions that make a meaningful difference in the lives of Canadians. Over the past seven years, AGE-WELL has served as a catalyst for technological innovation that enables older Canadians to lead healthy, independent and engaged lives, while driving from Canada AgeTech sector. AGE-WELL is funded by the federal Networks of Centers of Excellence program. https://agewell-nce.ca/.
About the Longitude Dementia Prize
The Longitude Dementia Prize is a £4.1 million prize to stimulate the creation of personalized technology tools that are co-created with people living with the early stages of dementia, helping them live independently Longer. £3.1m will be awarded in seed funding and development grants to the most promising solutions, with a top prize of £1m to be awarded in 2026. In addition, wider support has been funded to provide innovators with crucial knowledge and expertise, facilitating everything they need to bring their ideas to life.
Although there is no cure for dementia yet, staying independent at home and avoiding hospitalizations is one of the best ways to slow the progression of the disease. The winning solution will use the latest technological advancements, artificial intelligence (AI) and machine learning in combination with data and user testing to provide personalized support for people with dementia.
The Longitude Dementia Prize is funded by the UK Alzheimer’s Society and Innovate UK and delivered by Challenge Works.
- Alzheimer Society is the UK’s leading dementia charity. It is a vital source of support and a powerful force for change for anyone affected by dementia.
- Innovate in the UK is the UK’s innovation agency, helping UK businesses grow through the development and commercialization of new products, processes and services, supported by an exceptional, agile, inclusive and easy-to-use innovation ecosystem. navigate.
- The prize has received the generous support of three UK donors: The Hunter Foundation, CareTech Foundation and Heather Corrie.
- The award was also funded by the Medical Research Council. The CRM funds cutting-edge research to prevent disease, develop therapies and improve human health.
- The challenge works (the new name of Nesta Challenges) is a global authority on designing and delivering challenge prizes to unlock technology solutions for social good.
Visit dementia.longitudeprize.org to find out how to enter.
SOURCE AGE-WELL Network of Centers of Excellence (NCE)
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