The Challenge Model
Our challenge model, the foundation of Topcoder, allows clients to work on any scale of project with guaranteed outcomes.
Our challenge model, the foundation of Topcoder, allows clients to work on any scale of project with guaranteed outcomes.
The Challenge Model is one of our key solutions. It provides clients with multiple approaches to solving a problem and puts the decision directly in your hands.
See how the Challenge Model translates to success for our customers
All organizations suffer from cognitive fixation and group think. The challenge model breaks this by removing the traditional work barriers, and opening problems up to communities with different education, skills, and experience to provide solutions.
Combined with multiple approaches, the Challenge Model creates a network effect, driving the quality of solutions into the extreme value range as more skillsets compete to make their solution the right one.
In the traditional model, you pay employees for their time, not their output. The Challenge Model flips this. It produces a hierarchy of the best performing solutions to a problem. You pay only for the deliverables, not for the hours spent developing them.
In the challenge model, members compete for prize money which they can see when they register. Code competitions have a 1st and 2nd place prize and both get paid. Hackathons, ideations, and design competitions have multiple prizes, typically 1-5. Code sprint competitions might have a checkpoint or bonus prize.
All competitors will benefit from the challenge model regardless if they win or not. Competitors who don’t win are able to learn from the winning submissions. This will motivate and prepare them for future competitions.
Challenges can run for a few hours up to 7 days depending on the challenge type. Submission phase leads to the review phase and as soon as a solution is chosen, the competition is over.
For design challenges, the customer decides which solution best suits their needs. Though there may be many possible approaches, the customer ultimately decides. On development challenges, Topcoder uses a well defined scorecard to help determine which code solution works best.
The short answer is “no”. You can launch a challenge through Self Service or have it launched on your behalf through the Full Service team. Topcoder architects will monitor the challenge operations based on your criteria guidelines.