Exchange Accountancy

Mon to Thurs 9-5 and Fri 9-3


028 9263 4135


David Cameron announces �1m prize for innovation challenge

2024 business resolutions

 British cosmologist and astrophysicist Martin Rees has been charged with identifying a modern day Longitude Prize – this was set by the British Government in 1714 and promised £20,000 to the person who mastered the challenge of calculating longitude at sea. At the recent G8 conference Cameron is quoted as saying:

“What the world needs most of all right now is growth, and that growth in my view is going to come from small businesses and start-up businesses, more than from the big existing traditional businesses, so the whole agenda of innovation and entrepreneurship is absolutely vital,”

He added:

“There are so many problems in our world that need that amazing solutions – whether it is a cure for dementia, solving the problem of diabetes, having a flight from Britain to New York that's carbon-free… Let's challenge the public and challenge the scientist for which is the great problem we want to crack. I think it's an exciting idea and another example of Britain leading in innovation.”

The competition is open to everyone from individual citizens to academics and businesses. Any ideas?

Share This Post