Istituto Marangoni launched the Future Products competition to support young designers that wish to embark on a career in the product design industry.
It is one of four other ongoing competitions led by Istituto Marangoni, for which the prizes are all scholarships to study a masters degrees at its campus in Shoreditch, London.
Also open until 15 May, the three other competitions have been launched with the likes of Zaha Hadid Architects and the French luxury fashion house Balmain Paris.
The prize is worth 50 per cent of the total tuition fee.
For the chance of winning, applicants should propose "future products" that make use of new technologies and materials and also address sustainability concerns.