Lockheed Martin Innovate the Future Challenge Details, Rules and Related Information
These are the official rules that govern how the Lockheed Martin Innovate the Future Challenge (the “Challenge”) will operate. This is a skill-based Challenge. The object of this Challenge is to address a critical global security issue. For the purpose of this Challenge, the proposal you create and submit in the Challenge will be called an “entry.” Entry eligibility will be determined using the criteria described below and the judges will select five people/entities who will each receive a prize as described below.
ENTRY PERIOD. The Challenge starts at 12:00 AM EDT on August 6, 2012 and ends at 11:59 PM EDT on September 30, 2012 (the “Entry Period”). Entries received within the Entry Period will be eligible. Any entries received outside of those dates will not be accepted.
ELIGIBILITY. The Challenge is open to individuals aged 18 or over and validly formed legal entities who:
- are not government employees or, in the case of a validly formed legal entity, not owned by government employees (excluding employees and entities of public universities permitted by law to participate in this challenge);
- are not Lockheed Martin employees or employees of any Lockheed Martin parent, subsidiary or group company;
- are not involved in any part of the administration and execution of this Challenge;
- do not appear on the Specially Designated Nationals (SDN) List published by the Office of Foreign Assets Control (OFAC) at the United States Department of the Treasury and who are not citizens or entities of a country against which OFAC currently administers and enforces economic sanctions; and
- are not an immediate family (parent, sibling, spouse, child) or household member of:
- a Lockheed Martin employee;
- an employee of a Lockheed Martin subsidiary or group company; or
- a person involved in any part of the administration and execution of this Challenge.
COMPLIANCE WITH LAWS. Each participant shall be responsible for ensuring that their participation in, and entry into, this Challenge is valid and in compliance with their relevant local law. This Challenge is void where prohibited by law and where prior government registration or approval is required including, but not limited to, Quebec, Arizona, Puerto Rico and other US territories or possessions.
ENTRIES. To submit your entry, you must complete the Challenge entry form at: [https://lmco.brightidea.com/innovatethefuture] and attach a document with the details of your proposal during the Entry Period. Your Entry must be written in the English language. In addition:
- Each Entry must describe in reasonable detail a technology that, in your good faith opinion, is innovative and original. Please indicate whether you have filed a patent application or received a patent on any part of your Entry;
- You must describe the value proposition of the technology discussed in your entry;
- You must provide information about the individual innovators and/or business team, as appropriate, that created the technology discussed in the entry;
- Each Entry must be your own original work;
- Each Entry cannot have been selected as a winner in any other challenge, competition or prize draw;
- You must have obtained any and all third party consents, approvals or licenses required for you to submit your entry;
- Each entry must not contain confidential information or trade secrets (yours or someone else’s); and
- Each Entry must not otherwise violate the rights of any other person or company by using their trademarks, logos, names or images without their express written consent.
Your entry must only include images and material that are proper and appropriate to the Challenge and without limiting the generality of the foregoing you shall not upload any file, document or image that:
- contains malicious code, viruses, corrupted files or other similar harmful programs or material that may damage the operation of the Lockheed Martin's or any other party's computer;
- violates the legal rights (such as rights of privacy or intellectual property rights where applicable) of another;
- falsifies the origin or source of any content or other material;
- may be considered likely to provoke, offend, threaten, defame or harass others; or
- contains libellous, abusive, racist, sexist, homophobic, ageist, sexually explicit, obscene or otherwise vulgar or in bad taste material.
We will automatically disqualify:
- any incomplete or illegible entry; and
- any entry that we receive from you that does not comply with the entry requirements described above.
We are not responsible for entries that we do not receive during the Entry Period for any reason, or for entries that we receive but are not understandable for any reason.
PRIZES. The prizes consist of the following:
- One, First Place Prize: $25,000 and an incubation contract with University of Maryland’s MTech to mature the proposal valued at $10,000;
- One, Second Place Prize: $10,000; and
- Three, Third Place Prizes: $5,000.
The total estimated retail value of all prizes is approximately $60,000. No cash alternative to the incubation contract will be offered. Winners may not exchange the incubation contract for cash or any other merchandise or services. We reserve the right to substitute a prize (or any element of a prize) for an alternative one of the same or higher value.
The prize is personal to the individual or entity entering the Challenge. If selected as a winner, you may not designate someone else as the winner or to receive the prize in your place.
If you are selected as a potential winner of this Challenge and you are unwilling or unable to accept your prize, we will award it to an alternate winner selected by the judges.
TAXES. If you accept the prize, you will be solely responsible for all applicable taxes related to accepting the prize.
JUDGING AND SELECTION CRITERIA. Winning entries will be selected by a panel of judges consisting of Lockheed Martin employees and at least one independent judge. The names of the judges will be made available on request by sending a stamped, self-addressed envelope to the promoter (details below). Judges will review all eligible entries received during the Entry Period and select five winners based upon the following criteria:
- Impact of the idea (weight of evaluation criterion: 40%)
- Addresses a critical global security issue;
- Illustrates how value will be captured in a business plan focused on profitable growth, affordability and/or reliability; and
- Details how and when the idea achieves financial sustainability.
- Creativity of the idea (weight of evaluation criterion: 40%)
- Offers a novel technology, process or service against the global security issue selected; and
- Demonstrates suitability of the proposed solution for its intended; customer(s).
- Expression of the idea (weight of evaluation criterion: 20%)
- Clearly and concisely articulates the benefits of this idea over existing systems, methods, or processes; and
- Compels through a story that envisions the future (or “to be”) state arising from this idea.
After the close of the Entry Period, the Judges will select ten eligible entries, based on the criteria above, from the entries received during the Entry Period. Lockheed Martin will announce the ten selected entries via the Event Website. The individuals or entities with ten selected entries will present their proposals to the Judges via telephone with the support of online meeting software such as WebEx or GoToMeeting on or about November 7, 2012. Based upon the criteria above, the entries and the virtual presentations, the Judge’s and Lockheed Martin’s sole discretion in interpreting the rules of the Challenge, Lockheed Martin will announce via the Event Website the final winners.
The decisions of the judges and Lockheed Martin are final and binding in every circumstance (including any not covered by these Official Rules) and no correspondence will be entered into. If we do not receive more than four (4) entries meeting the entry requirements, we may, at our discretion, reduce the number of prizes accordingly and select fewer than four winners.
NOTIFICATION OF WINNERS. Winners will be selected and notified via email no later than November 21, 2012. Each winner will be notified by us sending a message to the email address listed on their entry.
- the email notification that we send is returned as undeliverable; or
- following repeated attempts to contact you:
- you are otherwise unreachable for any reason within 14 days of our first notification; or
- you do not respond to the first notification email within 14 days; or
- you fail to provide the information required by us in order to receive the prize (see below) within 14 days of the first notification,
we may withdraw your prize entitlement and award the prize to an alternate selected winner.
INTELLECTUAL PROPERTY. Lockheed Martin makes no claim to ownership of your Entry or any intellectual property that it may contain. You are not granting Lockheed Martin any rights to any patents or pending patent applications related to the technology described in your Entry. By submitting an Entry, you grant Lockheed Martin certain limited rights as set forth in these terms.
Winners will be required to sign agreements providing Lockheed Martin with a worldwide, nonexclusive royalty-free, paid-up license to make, have made, use, sell, import, reproduce, distribute and otherwise practice your entry. The first prize winner will also be required to sign an incubation contract providing Lockheed Martin with access to any and all copyrightable material developed in the performance of the incubation contract. If you do not sign and return these required forms within the time period listed on the winner notification message (but by no later than 14 days after the notification message), we may disqualify you and select an alternate winner.
REPRESENTATIONS AND WARRANTIES. By submitting your entry to the Challenge, you represent and warrant that you:
- agree to abide by these Official Rules;
- agree, upon request, to sign any necessary documentation that might be required for us and our designees to make use of the rights you have granted to us;
- agree to the use of your proper name, state/county of residence, image and/or entry online and in print, or in any other media, in connection with this Challenge (including for the purposes of announcing the identity of the winners and/or in any promotional activity following the Challenge), without payment or compensation to you, except where prohibited by law;
- undertake that the entry is your own original work;
- understand and acknowledge that we may have developed or commissioned materials similar or identical to your entry and you waive any claims you may have resulting from any similarities to your entry;
- understand that you will not receive any compensation or credit for use of your entry, other than what is described in these Official Rules;
- understand that Lockheed Martin’s decisions will be final and binding on all matters related to this Challenge;
- your participation and entry do not and will not violate any applicable law, statute, ordinance, rule or regulation or not trigger any reporting or royalty obligation to any third party;
- acknowledge that multiple participants may submit Entries that contain concepts or technologies similar to your entry and that Lockheed Martin, its subsidiaries and business partners may already be pursuing technologies that are related to or similar to those that you disclose in your entry;
- 10. acknowledge and agree that Lockheed Martin shall not be restricted in any way from pursuing, developing, or commercializing, in any way that Lockheed Martin sees fit, independent of you and at Lockheed Martin’s sole discretion, any technology that is created independent of your Entry;
- 11. agree that Lockheed Martin and its respective parents, subsidiaries, affiliates, employees and agents are not liable for any loss, damage or personal injury whatsoever suffered or sustained in connection with this Challenge (including but not limited to direct, indirect or consequential losses, loss of profit, income or goodwill), the use of or participation in any prize or any act or omission (whether negligent or not) of Lockheed Martin or their respective parents, subsidiaries, affiliates, employees and agents, save for any liability which cannot be excluded by law (including fraud or for death or personal injury caused by negligence).
POSTING OF YOUR ENTRY. Please note that following the end of this Challenge we will not return your entry and your entry may be posted on a website selected by us for viewing by visitors to that website. We are not responsible for any use of your entry by visitors to this website which has not been authorized by Lockheed Martin. However, we are not obligated to use your entry for any purpose even if it has been selected as a winning entry, except that the names and counties (equivalent) of the winners and their winning entries will be published on a website selected by us and/or made available on request by sending a stamped, self-addressed envelope to the promoter (details below).
GOVERNING LAW. These Official Rules and this Challenge will be governed by the laws of the United States and the State of Maryland, excluding its choice of laws provisions, and you consent to the exclusive jurisdiction and venue of the state and federal courts of Maryland for any disputes arising out of this Challenge.
CANCELLATION OF THE CHALLENGE. If, in our sole discretion someone cheats, or a virus, bug, catastrophic event or any other unforeseen or unexpected event that cannot be reasonably anticipated or controlled (also referred to as force majeure) affects the fairness and/or integrity of this Challenge, we reserve the right to cancel, change or suspend this Challenge. If this happens, we will notify all entrants of the cancellation, change or suspension via email sent to the email address listed on their entry. This right is reserved whether the event is due to human or technical error. If a solution cannot be found to restore the integrity of the Challenge, we reserve the right to select winners from among all eligible entries received before we had to cancel, change or suspend the Challenge.
MISCELLANEOUS. No purchase is necessary in order to participate in the Challenge.
Lockheed Martin shall not be liable to you for any delay, curtailment or non-occurrence of the Challenge or any part of it, or any other part of the prize, which in each case arises from any cause or causes beyond Lockheed Martin's reasonable control including without limitation any of the following: act of God, governmental act, war, terrorism, adverse weather conditions, fire, flood, explosion or civil commotion.
Lockheed Martin Corporation is the promoter of the Challenge. Our contact details are as follows:
Lockheed Martin Corporation
6801 Rockledge Drive
Bethesda, MD 20817
United States of America
If any of these Official Rules should be determined to be illegal, invalid or otherwise unenforceable then it shall be severed and deleted from these Official Rules and the remaining terms shall survive and remain in full force and effect.
Entry to the Challenge shall constitute your acceptance of these Official Rules and your agreement to be bound by them. These Official Rules take effect immediately on your entry to the Challenge. If these Official Rules are not accepted in full, then you should not enter the Challenge.