100 year old company started by Glenn L. Martin, Lockheed Martin being innovators in the field of aviation have now announced the Lockheed Martin Challenge that invites great ideas from anywhere in the world. This campaign offers a global forum for participants to share their ideas for ways to enable a more secure future for our planet. The categories for ideas are open in the categories of health, safety, technology, environment, security, transportation and energy, education and other.Ideas can be submitted starting August 6, 2012 through September 30, 2012. In collaboration with an independent third party, each submitted idea will be reviewed and scored. Ideas are also judged on the number of votes received from other applicants in the challenge. Finalists will be notified and asked to deliver a presentation to an executive review board after the submission period concludes.
Up to five recipients will be selected to receive incubation services offered through a third party to further investigate their ideas and bring them to fruition. In addition, there will be up to (1) First place $25,000 US Dollar (USD) award, (1) Second place $10,000 USD award, and (3) Third place $5,000 USD awards.
Source: Lockheed Martin