What’s on offer to entrants

By submitting your Smart Data use case idea (or ideas) in the Discovery Challenge open call, we are offering you the opportunity to:

  • Help shape the future of Smart Data scheme development in the UK
  • Help shape the focus of a potential Smart Data challenge prize which we aim to launch after the Discovery Challenge later in 2024, in which participants will benefit from a share of up to £750,000 and access to a bespoke data sandbox
  • Join an emerging community of organisations with a shared interest in, and exciting ideas for, Smart Data
  • Make connections with relevant experts and receive their mentorship for your cross-sector use case idea
  • Win a reward from a prize pot worth up to £20,000, with individual prizes up to £5,000 each, at the March 2024 Smart Data community event

Submit your smart data use case idea now

A Smart Data economy could unlock transformative innovations just as open banking did for fintech. It is a new frontier and would represent a massive change to how individuals and small businesses take control of their data. We want innovative thinkers from across industry and society to recommend new smart data solutions that could make a difference for consumers and SMEs, to identify where obstacles need dismantling and where risks need mitigating.

Chris Gorst, Challenges Director at Challenge Works

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