At first I was like "Why would you do that for only $1m? If you had that big of a breakthrough, you could easily generate that (and then a lot more) by selling it yourself." Then I read that they aren't taking the IP, and are just giving you the cash as a pure incentive. They can publish your high level approach documents, but you still own the invention.
I wish more of these contests were run that way. I think they'd yield much high quality and differentiated results with a lot more entrants.
I wish more of these contests were run that way. I think they'd yield much high quality and differentiated results with a lot more entrants.