Overview
The UK government’s £600,000 Smart Data Challenge aims to revolutionize cross-sector data innovation, focusing on financial services, energy, retail, transport, and property markets.
Prize Structure & Timeline
- Initial funding: Up to £50,000 for 10 finalists (May 2025)
- Final prizes: £50,000 (winner), £25,000 (two runners-up)
- Access to smart data sandbox with synthetic data across 11 domains
Target Sectors & Goals
- Address cost of living crisis
- Support clean energy transition
- Improve service accessibility
- Level playing field for SMEs
- Aid vulnerable customers
Innovation Framework
- Synthetic data testing environment
- Cross-sector application focus
- Real-world implementation potential
- Consumer and SME benefit emphasis
Previous Success
- Built on Smart Data Discovery Challenge (2023-2024)
- Notable winners: Rodeo (gig worker finance), Mealia (shopping optimization)
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