Competitions serve as a powerful vehicle for solving grand challenges by fostering innovation, encouraging diverse approaches, and motivating participants to push boundaries in pursuit of impactful solutions.
return on investment
3.5x
For every dollar invested in a competition, there's a potential return of $3.50 in value created, showcasing the financial efficacy of these initiatives1.
breakthrough thinking
+40%
 The competitive atmosphere stimulates more innovative and out-of-the-box thinking among participants, driving significant advancements in problem-solving1.
faster problem solving
5x
Competitions can lead to solutions being developed five times faster than traditional R&D approaches, enhancing the speed of innovation2.
force multiplier
20-30x
The collaborative effort of multiple teams addressing the same challenge significantly increases the chances of breakthrough solutions. This effect is amplified in competitions where diverse approaches can converge on a common problem3.
