What do I need to do?
All you have to do is submit your idea. PILOT is looking for original ideas or concepts that answer the challenge question in a compelling way, but are not yet commercially available.
Key judging criteria will include:
- Originality (50%) – How original or unique is this idea? Has this already been tried?
- Desirability (15%) – How desirable is this idea? Is this an idea that is clearly needed or desired by someone specific? If it comes to fruition, would it be valuable to someone and is that someone clearly defined?
- Plan (35%) – How clear, logical and likely are the steps outlined in the submission to demonstrate the potential of the idea?
A variety of concepts will be considered including (but not limited to) the following:
- New products, services, or solutions
- Applied technology, devices, statistical methods, and algorithms
- Additive or incremental innovations with an original approach
PILOT will not consider standalone ideas for television and radio shows, or other talent-driven content, that does not include a novel product, service or technological innovation.
Submissions will be judged by a diverse panel of experts from the broadcast, venture capital, media and tech industry. Submissions will be narrowed down to 12 semi-finalists by the end of September. From there, a smaller panel of judges will select the top 6 finalists. The winners will be decided by participants at the NAB Futures conference in November.
What if I win?
If your solution is selected as one of the top six that best addresses the challenge topic, you are a winner! In addition to prize money to help you get your idea off the ground, the PILOT Innovation Challenge winners will receive relevant mentorship, access to key broadcast executives and unmatched exposure at industry events.
Thanks in part to a grant from Knight Foundation, the top six entries will be awarded cash prizes, with one prize each in the amounts of $30,000, $25,000, and $20,000 and three prizes in the amount of $15,000.
In order to maximize the effect of these prizes on innovation and to track prototype or product development, winners will also be required to provide reporting on their progress and use of funds in the form of two activity summary reports to be delivered throughout a set of development windows through April 2018 following the challenge.