What is the Cardiff Capital Region Challenge Fund?
The CCR Challenge Fund provides a mechanism to engage public sector bodies, active in the Cardiff Capital Region, in the identification and development of challenges and to connect them with organisations who can provide innovative solutions to those challenges, leading to better services, improved efficiency and effectiveness, and increased productivity.
The purpose of the funding is to help the public sector to obtain novel products and services to address challenges and, in doing so, provide a route to market for those solutions. Public sector bodies propose challenges for support and those successful, in securing a funding award, will act as ‘Challenge Owner’ organisations and will work closely with potential ‘Solution Providers’ in the development of solutions.
What are the Challenge Aims for the Cardiff Capital Region?
The Challenge Fund aims to build local wealth through creating commercial opportunities for organisations across the CCR by inviting them to propose solutions to challenges across three priority themes: accelerating decarbonisation, improving the health and wellbeing of the region’s citizens, and supporting, enhancing, and transforming communities.
The Challenge Fund aims to
Solve societal challenges and/or service delivery issues
Create innovative solutions
Deliver economic impact for the region
Drive commercial scalable opportunities
Build local wealth
We are collaborating to tackle some of the Cardiff Capital Region’s most pressing issues, drawing on the region’s talent to develop novel solutions where there is an unmet need.