PHASES 1-2 TOTAL PRIZE POOL

$1.2 million
phase 1: $200,000

$200,000 will be distributed evenly across up to ten (10) winners

Phase 2: $1,000,000

$1,000,000 will be distributed across up to five (5) winners

The first two phases (March 2019 through September 2019) will award $1.2 million. At NGA’s discretion, additional phases of the challenge may follow Phase 2. These phases, if executed, are anticipated to award an additional $2.5 million in cash prizes plus potential non-monetary incentives.

Phase 1
Up to ten (10) winners will be selected by the independent judging panel according to official Phase 1 selection criteria. The total Phase 1 prize pool of $200,000 will be distributed evenly across Phase 1 winners. As part of their acceptance of the associated Phase 1 monetary prize, winners agree to have a brief synopsis of their concept published on the MagQuest website.

Phase 2
Up to five (5) winners will be selected by the independent judging panel according to official Phase 2 selection criteria. The total Phase 2 prize pool of $1 million will be distributed across Phase 2 winners. As part of their acceptance of the associated Phase 2 monetary prize, Phase 2 winners will agree that if they choose not to participate in any potential Phase 3 or 4 activities, which are anticipated to include prototype testing and demonstration, their Phase 1 and Phase 2 submissions may be made available to participants in potential Phases 3 and 4. Additional details on requirements and anticipated prizes associated with Phases 3 and 4 will be provided at the launch of Phase 2.

Potential Phases 3-4
At NGA’s discretion, additional phases of the challenge may follow Phase 2. These phases, if executed, are anticipated to award an additional $2.5 million in cash prizes plus potential nonmonetary incentives such as access to launch services and a potential advance market commitment.

If any potential winner is found to be ineligible, has not complied with the Official Rules, Terms & Conditions, or declines the cash prize for any reason prior to award, an alternate winner may be selected. Monetary prizes awarded under this challenge will be paid to the team lead (as designated on the submission form) directly by Luminary Labs through electronic funds transfer. Monetary prize winners are responsible for any applicable local, state, and federal taxes and reporting that may be required under applicable tax laws.

Please refer to the Official Rules, Terms & Conditions for further details.