Challenge DTEK Challenge: Social and Economic Transition of Coal Mines

DTEK Challenge: Social and Economic Transition of Coal Mines

Award: $8,000 USD
Deadline: Oct 17 2019 23:59 EDT
Active Solvers: 155
Posted: Sep 17 2019
Challenge ID: 9934229
 
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Abstract

When a mine ceases mining operations it can lead to significant social and economic impacts for the local region. Furthermore, maintaining the mine site, stationary systems, and equipment can be a financial burden for the management company. The Seeker, DTEK, is looking for novel ideas for the utilization and reuse of a mine site in order to create social and economic benefits for the local community in addition to offsetting continued maintenance costs.

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

Overview

Mining operations at different mine sites may have variable lifespans based on multiple factors such as the supply of coal and the financial viability of extracting it. While the mine is operating and extracting coal jobs and economic benefits for the local communities are plentiful but once a mine ceases its mining operations there can be significant social and economic consequences. In addition, mining companies are typically required to maintain the mine site and the equipment at the site in working order and thus may incur significant costs after the mine closes. As a leading company in the energy sector, DTEK seeks to embrace novel ideas for transforming closed mine sites into engines of social and economic success in order to benefit local communities impacted by the closing of the mine, and to offset the cost of maintaining the site.

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

  • There is a guaranteed award.  The award(s) will be paid to the best submission(s) as solely determined by the Seeker. The total payout will be $8,000, with at least one award being no smaller than $5,000 and no award being smaller than $1,000.
  • 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 October 17, 2019. 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 Winning Solution(s). 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

DTEK is the largest private investor in the energy sector of Ukraine. The company is developing a business in the extraction of natural gas and coal, renewable and thermal generation of electricity, distribution of electricity by electric networks, supply of electricity to customers, implementation of energy-efficient solution, charging electric vehicles.  Innovation DTEK carries out projects in the field of technological and digital transformation of energy, and also manages the innovative educational business platform Academy DTEK. DTEK Energy provides a closed cycle for the production of electricity from coal. The installed capacity in electricity generation is 13.5 GW. A full production cycle has been created in coal mining: coal mining and enrichment, maintenance of mine equipment. In 2018, DTEK's capital investments amounted to UAH 20 billion, tax payments - UAH 26 billion. DTEK employs more than 70 thousand people. 100% of the company is owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.

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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