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The Knowledge-Sharing Platform

25 Sep 2019

Horizon Prize for Social Innovation awarded

On 24 September 2019, the European Commission awarded €1.5 million to three innovative solutions that are aimed at improving the life of aged people, whose mobility is compromised. The first prize of €1 million went to Danish company Walk With Path for developing a shoe attachment called Path Finder that helps people with an unsteady and irregular gait. The two runner-up prizes, of €250,000 each, were awarded to the Swiss company MyoSwiss, the inventor of “wearable muscles”, and the french Municipality of Toulouse for its Mob4Seniors project, which has put in place a scheme that aims to increase the participation of senior citizens in community activities.

Horizon Prizes are inducement prizes which offer a cash reward to whoever can most effectively meet a defined challenge. They act as an incentive for innovation by prescribing the goal, but not how the goal should be achieved. The theme of the Horizon Prize for Social Innovation was identified through a public consultation, whereby 32% of the votes supported the topic of ageing population.

More information can be found here.

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