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Challenge Extraordinary & Unorthodox Philanthropy
Extraordinary & Unorthodox Philanthropy
STATUS: Awarded
Active Solvers: 1073
Posted: Oct 18 2010
Challenge ID: 9780464
 
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Abstract
The Seeker is looking for novel, unorthodox, and extraordinary opportunities for philanthropic investment. This is an Ideation Challenge with a guaranteed award for at least one submitted solution.
Overview

The Seeker is looking for novel, unorthodox opportunities for philanthropic investment with the potential to generate extraordinary returns to society. Neglected areas of innovation, including neglected science, may be ripe for such opportunities.

This is an Ideation Challenge, which has the following specific features:



  • There is a guaranteed award. The awards will be paid to the best submissions as solely determined by the Seeker. The total payout may reach $10,000, of which $5,000 will be paid to the best submission and $2,500 may be made to two additional submissions.
  • All submissions will be eligible for implementation funding. The Seeker may provide up to $100,000 of initial funding, and up to $1,000,000 of follow-on funding, for the most promising ideas. Winning submission(s) are not guaranteed such funding.
  • You are not required to transfer exclusive intellectual property rights to the Seeker. The Seeker may establish working collaborations with the Solvers to bring their ideas to fruition.


The Seeker will select, notify, and make public the winning submission(s) within thirty days of the of the challenge deadline. No feedback of other submissions will be provided.

What is InnoCentive?
InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is an InnoCentive Ideation™ Challenge?

An InnoCentive Ideation™ Challenge is a broad question formulated to obtain access to new ideas, similar to a global brainstorm for producing a breakthrough idea or market survey which may include ideas for a new product line, a new commercial application for a current product, or even a viral marketing idea to recruit new customers. Ideation™ Challenge submissions are typically about two written pages, and Seekers receive a non-exclusive, perpetual license to use all submissions.

In an Ideation™ Challenge, Solvers may:

  • Submit ideas of their own
  • Submit third party information that they have the right to use and further the authority to convey that right and the right to use and develop derivative works to Seekers
  • Submit information considered in the public domain without any limitations on use

Solvers should not reveal any confidential information in their submissions. Often the Ideation™ Challenge will be followed by one or more of the other three Challenge types to further develop the ideas and gain Intellectual Property protection when the concept has been well-defined.

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InnoCentive Trust Partners