10 Mar 2014
First Innovation Inducement Prize goes to German company
German biopharmaceutical company CureVac GmbH has won the EU's first ever innovation inducement prize. The company received the prize for progress towards a novel technology to bring life-saving vaccines to people across the planet in safe and affordable ways. The €2 million prize has been offered by the European Commission to encourage inventors to overcome one of the biggest barriers to using vaccines in developing countries: the need to keep them stable at any ambient temperature.
This is the first time the Commission has offered a so-called inducement prize to stimulate research and innovation in the European Union. An inducement prize sets an ambitious goal, but it does not say how that goal should be achieved or specifically who should achieve it. More inducement prizes are planned in 2015 under Horizon 2020.