First Prize for applicants with turnover below £1m is £10,000 cash.
Runners up will be offered specialist business support worth up to £2,000.
For companies with turnover in excess of £1m, the winner will receive the Prestige Award that rewards and recognises innovation in more established businesses.
Any Merseyside-based individual or company with turnover below £25m with an innovative product or service is eligible to enter.
Enter before 12/05/2017 for your chance to win!