Frequently Asked Questions
We have engineers from around the globe. We are partnering with many professional organizations (like the ieee) and academic institutions (USC, Harvard, Georgetown, etc) to onboard these engineers. Some are verified through these partnerships, others are verified through our onboarding / qualification process which we can detail at a later time. To combat this question, we really have to educate the partners that this is a crowdsourced platform and not a matchmaking service.
A percentage of total prize purse for hosting, and challenge management. The Percentage varies on complexity and duration of challenge itself.
Prize is due upon selection of a solution. Hosting and management fees vary on a case by case basis
Terms & Definitions
Fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day.
A project to be solved in competition.
Includes the details regarding a challenge including duration, phases, prize pool and distribution, rules and criteria.
Describes the different phases that a challenge goes through.
Describes the series of phases a challenge goes through from start to finish.
Companies or individuals who post projects to be solved in a competition. Challenges may have prizes associated with them, but a prize is not a requirement.
The process of using a network of engineers from outside a group’s network to bring in many new ideas at a quicker speed in comparison to traditional methods.
The distribution of problem solving.
Where solution providers, challenge sponsors and moderators exchange ideas or questions/answers regarding a specific challenge.
Designated company or institution that is geared towards design engineering and related fields.
Developing ideas for new products and services.
Full scale product development.
Work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.
Part of a panel that reviews submissions for a specific challenge.
Someone who administers challenges by managing the challenge design, conversation taking place within the challenge, and relays submissions to judges and rankings to solution providers.
The use of internal and external ideas to develop and enhance new products.
Describes the actions that are taking place during a specific segment of a challenge. Phases include Sponsor Q&A, Knowledge Sharing, Ideation, Review, Refine, and Selection.
The amount an individual or team earns as a reward for succeeding in a challenge.
The total amount of prizes that may be awarded for an individual challenge.
Describes the key objectives for a challenge.
Utilizing structured documents, processes, and collaboration to define a minimum viable product.
Ideas on how to solve a challenge.
Individuals, groups, or companies competing to generate solutions for sponsors’ challenges in exchange for prizes.
These are sent by solution providers to Challenge Sponsors during a challenge. Submissions are ranked based on Challenge Criteria.
A crowdsourcing platform that promotes evolution, growth, and the cycle of inspiration. Because one idea can sprout into countless others, branching out and changing the world in unimaginable ways.
Describes the topics and skills related to a challenge.
A group of solution providers working together to achieve the goals of a challenge.
Refine or improve existing ideas and concept with supporting documentation.
Given to submissions either in support or in opposition by other solutions providers.