Technology and innovation challenge is a competition aimed to development of technological solutions for industrial firms, or development of innovative products and services. In these competitions, public or private firms can find the most suitable solutions for their technological problems.
Participants are mostly students and faculty members of universities and research institutes, independent researchers, and innovative SMEs (including knowledge-based companies) from Iran or other countries. There is no limit for participant in terms of nationality or education levels.
What do we mean by “innovative solution”?
In these competitions, like many global best practices, an innovative solution typically consists of a “conceptual design” or a “prototype”. Thus our challenges may be held in 1 phase or 2 consecutive phases. The first phase is “conceptual design” and the second one is development of a prototype.
The steps of an innovation challenge
Typically a challenge will be followed through these steps:
- Designing an announcement
- Publishing the announcement
- Development of conceptual designs
- Assessment of conceptual designs
- Development of prototypes
- Second phase assessment and choosing the final winner