A total of up to $5.6 million in prizes and support funding will be distributed across all five phases to support participants as they purchase materials, form teams, and create partnerships to develop their innovation. Prize money grows as teams advance through each phase, and several winners will ultimately be selected in Phase 5 to receive the largest cash prizes.
Travel assistance prizes will also be distributed to winning teams who attend the live field-testing events and PSCR annual stakeholder meeting, along with business development and entrepreneurial support to help bring innovations to market.
Significant attention will be spent to ensure participants with strong ideas, algorithms, or otherwise partial solutions have opportunities to collaborate and coalesce their ideas with other participants. To this end, teams need not be fully set until the end of Phase 3; fluidity across teams is encouraged in the early phases. Walk-on participants will be allowed in Phases 2 and 3. Participants who are not selected as winners through the first two phases are permitted to engage in future phases with continued chances to win funds.