Horizon Prizes are 'challenge' prizes (also known as 'inducement prizes) offering a financial reward for developing a breakthrough solution to societal or technological challenges that have not yet been met. The solution that most effectively meets the defined challenge will be the winner of the prize. The winner receives a financial reward, in the form of a cash prize, and will also benefit from media coverage and the possibility to attract investors.
Better use of antibiotics
On 26 February 2015 the European Commission launched the first Horizon Prize on "Better Use of Antibiotics". It is a €1 million prize that will be awarded for a rapid test to identify, at the point-of-care, patients with upper respiratory tract infections that can be treated safely without antibiotics.
Birth day prize
On 28 April 2016 the European Commission launched the "Birth Day Prize". This prize will award up to three innovators for identifying and implementing the most effective solutions to prevent death and complications during pregnancy and childbirth. Proposed solutions can be of a clinical, technological or managerial nature and need to be novel, safe and scalable. For this prize, the European Commission will commit € 1 million under the EU's research and innovation programme Horizon 2020. In addition, the Bill & Melinda Gates Foundation has pledged another € 1 million, while the Merck Sharp & Dohme Corporation will donate € 500,000. Up to three prizes will be awarded