What is the Resilience Fund?
The Resilience Fund, established by the Mayor of London and managed by Challenge Works, will identify specific challenges in partnership with resilience partners – groups that are making positive differences in London and working for the greater societal good, addressing things like inequality, ageing infrastructure, food insecurity, poor health and well-being. These are likely to be local authorities, public agencies, social enterprises, charities or community groups.
Once these challenges are identified, innovators will be invited to present how they plan to address and solve these challenges through new technologies or by applying creative and innovative ideas. In February, innovators will join resilience partners in a series of co-creation workshops to begin iterating solutions. In March, we will launch a stage-gate competition to select innovators and provide them with financial support of up to £40,000 to develop their solution, along with mentoring and expert guidance.
The resilience partner will benefit from having some of the UK’s best innovators working to solve their problem, and will be positioned to take advantage of a unique co-design process that could improve or transform their product or service delivery. Further, resilience partners will gain access to the knowledge, expertise and insights of the network of resilience partners, problem-solvers, and capacity-building organisations working across London.