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Lockheed's 'Innovate the Future' contest aims to encourage creative thinking

  • By Mark Hoover
  • Aug 10, 2012

Lockheed Martin Corp. has launched a worldwide contest on innovation with cash awards totaling $50,000, the company announced.

The contest, “Innovate the Future,” invites participants to share their sentiments on issues like sustainable energy, cybersecurity, and healthcare for the sake of ushering in a better and more secure future for the planet.

Lockheed’s “100-year legacy of discovery, innovation, and breakthroughs have made lasting impacts on society, from humans’ first attempts at flight, to systems for controlling the world’s air traffic, to our earliest exploration of space,” said senior vice president and chief technology officer,Ray O. Johnson, in the announcement.

“Through this contest,” Johnson said, “we are creating an online environment that helps people with diverse backgrounds and experiences share their ideas.”

Details on the contest can be found here.

About the Author

Mark Hoover is a contributing writer to Washington Technology.

Reader Comments

Thu, Aug 23, 2012

It is unfortunate that the rules also sign over all copyright and ownership of any ideas to Lockheed as well. For $25,000 first prize, Lockheed gets access to your multi-million $ idea for basically peanuts. "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."

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