Spark purpose-driven innovation

in your office and across the world - with our proven approach to incentive prizes.

We partner with organizations and governments to deploy incentive prize competitions that find and validate innovations for a better world.

THE PRIZE MODEL: Purpose Built For Today’s Innovators

Open-source innovation is the ‘lab’ of the 21st century. Breakthroughs can, and often do, come from anywhere and prize competitions are your innovation search engine.

20th century innovation was defined by large, centralized R&D facilities such as Bell Labs. They were isolated, knowledge was guarded and only the chosen few were allowed in.  

Today, innovation is decentralized, the world is connected and knowledge is openly shared. It is a democratic opportunity for all.  

We are mobilizing this open laboratory for scaled impact.

Why do we need prize competitions?

Our challenges are complex

The world is connected

Knowledge is democratized and available for all

Deliver Breakthrough Solutions

Mobilize New Talent

Engage diverse innovators outside your community and move beyond traditional R&D.

Solve a Societal Need

Create an innovation search engine to solve your challenge.

Drive More Impact

Help existing innovations reach their full potential.

Be A Source of Inspiration

Demonstrate leadership and instill an ‘innovation mindset’.

Engage Employees

An action-oriented program grounded in purpose.

Address U.N SDGs

Deliver progress against your SDG and ESG goals.

The Prize Model:

A Proven Innovation Process

Our approach provides a highly-structured, success-based process to create and launch a competition.

Scoping

8-step process to collaboratively engage stakeholders, build support and clarify the challenge is ‘prizable’.

Step 1

Design

Draft the functional prize guidelines to fit the challenge.

Step 2

Launch

Prize competition goes into the marketplace.

Step 3

Assessment

Mobilize credible 3rd party technology assessment and judging.

Step 4

Objective Testing

Where possible, move from theoretical assessment to direct, objective comparison.

Step 5

Surface Multiple Winners

One team wins the competition, but others may ultimately be more impactful.

Step 6

Our Partners

Working with these organizations we’ve launched prize competitions to address some of the world’s biggest challenges:

Sustainable Growth Co. was a great help when we were mandated to establish a “challenge” program for food waste and loss. Eric’s approach and frame for challenges were clear, his knowledge and experience were invaluable, and his commitment to innovation and environmental sustainability is unquestionable.

John Fox