When you create the challenge, you decide the prize that will inspire innovators to solve the problem.
For a small problem, maybe $1,000 will be all it takes to inspire someone to solve it. A world changing breakthrough in medicine or spaceflight could be in the millions, like the $30 million Google Lunar XPRIZE.
Whatever amount you can realistically raise or find a partner to sponsor.
You can even use our platform to crowdfund the prize. Let the crowd tell you how much this breakthrough will mean to the world.
The prize is only awarded when a team achieves the breakthrough.
The HeroX platform provides you with all the tools you need to create and manage a challenge.
For fully sponsored challenges, HeroX charges a platform fee of $99 + 10% of the prize amount up to $100,000 and 5% of any prize amount above $100,000. For crowdfunded challenges, it is free to begin crowdfunding your prize amount. Once you have raised your prize, the same platform fee of $99 + 10% of the prize amount up to $100,000 and 5% of any prize amount above $100,000 will apply.
We can also help you with almost every aspect of your challenge from prize design, to marketing, community management and more. to learn more about how we can help make your challenge a successful one.
All the great incentive challenges started with a breakthrough that someone wanted to see in the world: transatlantic flights, safe methods for preserving food, or a private space industry.
If you know the breakthrough you want to achieve, you can use our platform right now and get started. Build the whole challenge online, engage the crowd and even start crowdfunding if you want.
If you’re inspired by the concept of an incentive challenge, but you’re not sure where to start, can help with prize design, marketing and administration of your challenge.
Incentive challenges have inspired breakthroughs in all areas of society and technology: the first non-stop flight across the Atlantic, the first clock that sailors could use to know their location, a faster way to clean up oil spills.
But smaller breakthroughs are important too. Maybe you need a better algorithm, or know of a problem that needs fixing in your local area.
If you can see a problem, or can imagine how the world could be a better place, you should create a challenge on HeroX.
No idea is too small. And no idea is too big.
Absolutely. We’re the trusted platform for some of the world’s largest companies and organizations who have successfully run incentive challenges. Organizations like NASA, The Rockefeller Foundation and Forbes.
An incentive challenge is the perfect way for a company to create an breakthrough innovation or crowdsource a positive social impact.
Incentive challenges provide a powerful new way to do research or solve a problem in their industry. Instead of relying on an internal research team, you open up the challenge to the whole world.
And here's the best part, you only award the prize when the breakthrough has been achieved. You only pay for success.
would be glad to help you figure out how incentive challenges would make a powerful addition to your company's innovation.
30 seconds ago. Seriously, in the time you’ve spent reading this page, you could have already launched your incentive challenge on our platform.
If you know what you want and you’re ready to get started, just start building! As soon as you’re done, launch it publicly to the world.
Of course, if you need more help and time, .
You decide what breakthrough needs to be accomplished to solve your challenge.
You choose the judges and the submission criteria. Do people need to create a prototype of the solution? Present the best algorithm? You can also let the crowd decide, with public voting.
Our custom judging interface allows you to assign judges, oversee the scores, and choose the final winner. You have all the control.
You create the challenge, but an innovator will create the breakthrough. Who owns the new solution, prototype, or algorithm?
You decide when you create the challenge. We offer 4 different types of intellectual property agreements, depending on what you want to achieve.
Whatever works best to create the breakthrough you want to achieve.
If you don’t know what kind of challenge to create, let the crowd decide. Create an “Ideation Challenge”, where you award a small prize to the best idea for a challenge.
Let the crowd compete to offer up the best ideas, and you can even let the crowd vote on their favorite solution.
Then select the solution that matches the innovation that you want to bring into the world, and turn that into a larger sponsored challenge.
would be happy to help you figure out the best solution.
Depending on the size and complexity of your challenge, we recommend 3-12 months for your challenge to run. That’ll give time for everyone to discover your challenge and for innovators to develop breakthrough solutions.
We’ve seen challenges go much quicker, and for big worldchanging breakthroughs, you might want to take a couple of years.
Thanks to our partnership with the XPRIZE Foundation, we understand what it takes to create and run an incentive challenge. We’ve created a platform that makes this whole process turnkey and friction free.
Our platform helps you handle the creation, the judging, the submission process, the promotion and even the crowdfunding if you need it.
Leverage our existing community of over 1 million innovators and problem solvers to get working on your problem right away.
HeroX is a commercial spinoff from the XPRIZE Foundation. We're the place that anyone, anywhere can create an incentive challenge. If you're inspired by the success of the grand XPRIZE challenges, like the Google Lunar XPRIZE, or the Qualcomm Medical Tricorder Prize, HeroX has the platform for you to make your own incentive challenge.