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Business News: £90,000 prize pot for dementia ‘Bright Ideas’ competition #scotland #inventors

21 March 2015 No Comment

lctb2A competition to find the best ‘Bright Ideas’ to create a better life for people affected by dementia in Scotland has been launched today. The competition is being run by the Life Changes Trust, an independent charity set up with a Big Lottery Fund endowment of £50 million to improve the lives of two key groups in Scotland: people affected by dementia and care experienced young people.

LCT logo2The challenge is to come up with a new and innovative approach or idea for something that would improve the lives of people who have dementia and/or those who care for them.

The competition is open to anyone – people living with dementia or their carers, students, academics, health professionals, designers, engineers, gardeners – anyone with a Bright Idea that can be turned into a working reality for people affected by dementia.

The idea could be related to mobility, to inclusion, to learning or to healthy living. It could be based around safety and security, housing or even just having fun.

Six applications will be shortlisted by a panel of people with dementia and carers who will score the applications on the extent to which they are:
• practical
• have potential to transform the lives of people with dementia and/or carers
• have potential to be sustainable in the long term

There will be three grant prizes, awarded at an event in November 2015: The first prize is £50,000, the second prize is £25,000 and the third prize is £15,000.

LCT hands bright version DEM Chief Executive of the Life Changes Trust Maddy Halliday said, ‘The Trust believes that, as a society, we need to find and invest in new and innovative ways of helping people living with dementia and their carers so they feel valued, included and supported. The Trust is already funding a wide range of activities to support people affected by dementia and today we are delighted to announce our first, annual Bright Ideas competition. We hope to receive many exciting and innovative ideas and look forward to funding those that have the potential to provide the biggest benefit to people affected by dementia in Scotland.’

Hand Wordle SMALL DEMIn Scotland:

• It is estimated that around 90,000 people have dementia in Scotland
• The number of people with dementia in Scotland is increasing because the population is getting older. Based on current dementia prevalence rates, the number of people with dementia in Scotland is projected to double by 2038*.
• Much of the care and financial burden of dementia falls on family carers and friends, who may also experience social isolation, exhaustion and health problems associated with the demands of caring.
• Dementia costs the country more than cancer, heart disease and stroke put together.

Older ladies having funFor more information on how to develop or submit your ‘Bright Idea’, go to the Life Changes Trust website. The application process closes at 5pm on Friday 2 April 2015.

*Based on current dementia prevalence rates, the number of people with dementia in Scotland is projected to double by 2038. However, while ageing is a major risk factor for dementia, there is growing evidence that an increase in protective factors such as healthy eating and regular physical exercise and reduction in risk factors such as alcohol and tobacco use, could reduce people’s risk of dementia, or delay the age at which they may develop it.


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