The PILOT Innovation Challenge is a call to all entrepreneurs, intrapreneurs and creative thinkers for ideas that answer the question:
We are challenging people to think about new ways to address that question, and we’re providing opportunities to test and validate some of the best ideas. We’ve developed this list of frequently asked questions to help applicants better understand the challenge and prepare an effective submission.
Early-stage ideas. The keyword here is “idea.” We don’t expect to see fully fleshed-out business plans or even ideas that have undergone extensive testing or development (although those ideas are welcomed). We’re looking for original ideas or concepts that answer the challenge in a compelling way, but are not yet commercially available.
We want to identify good ideas and provide winners with mentorship and some prize money to help flesh the idea out and potentially start building a prototype. We will not consider standalone ideas for television and radio shows, or other talent driven content, that does not include a novel technology or business idea.
This has been the top question, so we dedicated a full post to it.
Of course an individual can enter. The stage, size or age of a company is irrelevant in this context. Because we’re looking for early stage ideas, we do not expect an operational business to have formed around the idea. If your idea is already generating revenue or has already developed into a business, it’s too far advanced for this.
No. This is all about the early-stage ideas. We expect the winners to take the prize and try to flesh out their ideas.
After the submission period closes at 5 p.m. Eastern Time on Sept 23, 2016, a diverse panel of experts from the broadcast, venture capital, academic and tech industries will begin evaluating the entries. Submissions will be narrowed down to 10 semifinalists by Oct. 3. Then a smaller group of judges will deliberate on those 10 and determine the top three finalists. Those three finalists will present at NAB Futures on Oct. 31 where attendees will determine first, second and third place.
Quite a bit, and it will happen quickly.
You should make sure they enter. Send them the link to the challenge and tell them to enter or you can nominate them. Keep in mind that nominating someone doesn’t enter them in the challenge. They would still have to submit an idea.
Follow this link to get started with your entry.