There were more than 180 entries from 23 countries, submitted to the the Oxford University 21st Century Challenge Competition each focusing on one of the three challenge tracks:
Tomorrow’s People – business ideas covering healthcare and medical challenges
Tomorrow’s Planet – business ideas covering environmental challenges
Tomorrow’s Wealth – business ideas covering social inequality and distribution of wealth challenges
Red Button submitted to the Tomorrow's People track.and were selected as one of the nine finalists (three from each track) to go forward to the grand final where they present their business plans to a panel of judges before an audience of venture capitalists, entrepreneurs, social entrepreneurs, policy makers, academics and corporate guests.
I am thrilled and stunned to be able to report that not only did Red Button Win their challenge track scooping the £10,000 Tomorrow's People Award..
BUT
We also scooped the 2007 Global Prize winning another £35,000!
£45,000 will literally allow us to get through the next stage of prototype development without selling off any equity meaning that when we do come to sell a percentage of our company the risk will be significantly lowered due to further prototype advancement and we will recieve a significantly better price!
We are so thrilled, so so thrilled!
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