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Challenge Camelback Ventures – Lumina Foundation Challenge: Shaping the Next Frontier in Postsecondary Education
Camelback Ventures – Lumina Foundation Challenge: Shaping the Next Frontier in Postsecondary Education
STATUS: Awarded
Active Solvers: 326
Posted: Oct 27 2015
Challenge ID: 9933505
 
Team Project Rooms are available on this Challenge. Team Share Challenge Share
Abstract

The demographics of people seeking higher education are evolving from the students who matriculate directly from high school. The emerging populations are returning adults, first generation to attend college and independent learners. Options for learning are also rapidly changing from traditional classrooms to include online courses and on-the-job credentialing. Camelback Ventures is committed to changing the face of entrepreneurship and creating social impact. We are seeking novel ideas, tools and models that reimagine postsecondary education for all students. 

This is an Ideation Challenge with a guaranteed award for at least one submitted solution.

Overview

In the last generation we have witnessed profound changes to K-12 education that have put the students at the center of learning. The results are new technologies, innovations and school models that seek to meet students where they are at academically, physically and emotionally. 

Only recently has a serious discussion begun about how to meet the diverse needs of postsecondary students. This diverse world includes traditional college students, first-generation, returning adult learners and independent students among others. These students need educational opportunities that allow them to re-skill, gain real-world experience, provide mentorship, learn at their own pace, earn valuable credentials and access meaningful feedback in physical (or virtual) spaces that suit their lives.  Camelback Ventures seeks entrepreneur-driven ideas for new technologies and models to serve diverse postsecondary students. 

This is a special Ideation Challenge, which has the following unique features:

  • There is a guaranteed award.  The awards will be paid to the best submission(s) as solely determined by the Seeker. The total payout will be $10,000, with at least one award being no smaller than $5,000 and no award being smaller than $2,000. 
  • The three finalists of this Challenge will be given a unique opportunity to attend and present their ideas to a distinguished panel at Lumina Challenge: Camelback Edition Shark Tank in New York City on January 25, 2016 for an invitation to become a 2016 Camelback Fellow and receive the final monetary award. This includes a travel stipend and coaching by a Camelback Team Member/Alumni in preparation for the event. 
  • Submission forwarding occurs during the Challenge.  Since submissions will be forwarded to the Seeker throughout the Challenge, please make sure you upload only a finished proposal. You can submit an updated version of your proposal only as a new submission. If you submit an updated version of your proposal, please clearly indicate the new items and/or edits compared to your previous submission. This will allow the Seeker to quickly find the new information and determine how it improves your submission. 
  • The Solvers are not required to transfer exclusive intellectual property rights to the Seeker.  Rather, by submitting a proposal, the Solver grants to the Seeker a royalty-free, perpetual, and non-exclusive license to use any information included in this proposal, including for promotional purposes.

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on December 7, 2015. 

Late submissions will not be considered. 

After the Challenge deadline, the Seeker will complete the review process and make a decision with regards to the finalists. All Solvers that submit a proposal will be notified on the status of their submissions; however, no detailed evaluation of individual submissions will be provided

ABOUT THE SEEKER

Camelback Ventures is a nonprofit seeking to create a diverse social innovation ecosystem that leverages the genius of all participants by identifying new leaders with bold ideas and providing them the resources necessary to maximize their impact. Over the last two years we have supported 14 social entrepreneurs through our programs with 92% identified as people of color and 71% as women. These pioneers have gone on to build teams, generate significant revenue and receive prestigious recognition. 

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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