It will also act as a catalyst for regeneration in the heart of Colchester and beyond.

BBC: NEWS | UK | England | Essex | Final go-ahead for ?16m gallery

We act as a catalyst for societal and market-based innovation.

FORBES: Battlefields And Boardrooms - Taking The Smartest From Both And Putting Them Together

As well as improving the NHS in Sandwell, the hospital would "also act as a significant catalyst for regeneration in the Black Country, " he said.

BBC: City Hospital in Birmingham

However, multi-platform distribution deals could act as a growth catalyst for these margins provided that the size of the revenues from such deals becomes substantial.

FORBES: Disney's Multi-Platform Distribution Deals Can Lift Margins And Outlook

Aquamarine Power chief executive, Martin McAdam, said the prize would act as a "global catalyst... bringing together the best brains and financial muscle to crack one of the great challenges of our age".

BBC: Renewables firms to compete for ?10m Saltire Prize