Horizon Prizes are 'challenge' prizes (also known as ‘inducement’ prizes) offering a cash reward to whoever can most effectively meet a defined challenge.
The aim of the Horzion prizes is to stimulate innovation and come up with solutions to problems that matter to European citizens. Horizon Prizes prescribe the goal but not who the innovator should be or how the goal should be achieved.
Challenge prizes currently open for application are:
The EIC pilot runs several Horizon Prizes which award the most innovative solutions to societal challenges. Each EIC Horizon Prize has an ambitious goal to solve a major challenge facing society, without detailing how this should be achieved or who should achieve it.