Many of the world’s greatest ideas and sources of economic growth are the result of disruptive innovations. This Challenge seeks short descriptions for business ideas that employ disruptive technologies that could make a big impact on the world.
InnoCentive and The Economist are teaming up to identify business ideas that will deliver real-world impact and economic growth to people around the world by exploiting some disruptive new technology or disruptive applications of an existing technology. Frugal innovations are especially encouraged. Submit your innovative business idea!
Finalists will be given a unique opportunity to present their business plan to business leaders and venture capitalists at the Ideas Economy: Innovation event in Berkeley, California, USA on March 28, 2013, where they will compete live on-stage in the Tiger’s Den session. One representative for each plan chosen as a finalist will receive travel expenses and admission to the event. In addition, the overall winner of the live Tiger’s Den session will receive an honorarium of $2000, video promotion of the event on Economist.com, and publicity for the winning solution in appropriate Economist Events communiques, plus an official meeting (phone or in person) with members of the Ideas Economy programming team to discuss ideas for venture capital.
Solvers from any background are invited to contribute! For this Challenge, The Economist is not interested in owning or obtaining license to use any materials submitted, except for promotional purposes. All other intellectual property will remain with the Solver, teams, or their affiliated organizations. Solvers who submit a proposal will be notified of the status of their submissions after the Challenge deadline; however, no detailed evaluation of individual submissions will be provided.
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:
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.