Prize Based Challenges
The Challenge Driven Innovation Process
Sept 12, 2012
A Challenge is a proven approach to solving important problems by leveraging large communities of people who can bring new expertise and diverse perspectives to bear. Challenges are an effective tool for our clients to help foster innovation and solve problems as a pay-for-performance resource coupled with world class technical experts.
Executing a Prize Based Challenge
Our team often employs a two phase approach to executing Prize Based Challenge efforts for our clients. This phased approach allows our clients to launch their open innovation efforts rapidly though two initial ideation challenges and use the results to help tailor the more complex Theoretical challenges in subsequent phases. The structure and timeframe of the three phases of execution for this approach are detailed below.
PHASE 1: Ideation Challenges (Day 1 – Day 90)
Phase 1 consists of training and planning for the overall effort as well as the execution of two ideation challenges. Ideation challenges are the most basic form of prize based challenges which pose a broad question formulated to obtain access to new ideas. Ideation challenges have been used successfully by NASA, AFRL and other DoD clients. There are few constraints on solver submission format (non-technical and non-exclusive licensing given to Seekers for guarantee of one winner per challenge), prize values are generally small (~$5,000 - $10,000). Ideation challenges provide a good opportunity for our clients to at once gather new ideas about an existing problem, familiarize themselves with the challenge process, and create publicity for subsequent follow on challenges.
1A - Challenge Development Workshop: Phase 1 will begin with a challenge development workshop. This day long workshop includes familiarization with the Open Innovation approach, an understanding of the challenge
Sept 12, 2012
A Challenge is a proven approach to solving important problems by leveraging large communities of people who can bring new expertise and diverse perspectives to bear. Challenges are an effective tool for our clients to help foster innovation and solve problems as a pay-for-performance resource coupled with world class technical experts.
Executing a Prize Based Challenge
Our team often employs a two phase approach to executing Prize Based Challenge efforts for our clients. This phased approach allows our clients to launch their open innovation efforts rapidly though two initial ideation challenges and use the results to help tailor the more complex Theoretical challenges in subsequent phases. The structure and timeframe of the three phases of execution for this approach are detailed below.
PHASE 1: Ideation Challenges (Day 1 – Day 90)
Phase 1 consists of training and planning for the overall effort as well as the execution of two ideation challenges. Ideation challenges are the most basic form of prize based challenges which pose a broad question formulated to obtain access to new ideas. Ideation challenges have been used successfully by NASA, AFRL and other DoD clients. There are few constraints on solver submission format (non-technical and non-exclusive licensing given to Seekers for guarantee of one winner per challenge), prize values are generally small (~$5,000 - $10,000). Ideation challenges provide a good opportunity for our clients to at once gather new ideas about an existing problem, familiarize themselves with the challenge process, and create publicity for subsequent follow on challenges.
1A - Challenge Development Workshop: Phase 1 will begin with a challenge development workshop. This day long workshop includes familiarization with the Open Innovation approach, an understanding of the challenge