Hypios combines intelligent crowdsourcing, competency discovery technology, and human outreach to deliver an optimal open problem-solving service. “Seekers” post R&D challenges to the network , select a deadline and a prize for the successful “Solver.”
Seekers are companies that want to accelerate their R&D with open innovation services like open-problem solving platforms. Being able to access a large pool of Solvers for any given challenge guarantees both speed and relevant expertise in fields that are often not the core business of the Seeker. This most often results in novel concepts or the discovery of existing processes that the Seeker can use immediately.
Solvers are experts, researchers, specialists, students, or dedicated amateurs who submit solutions to challenges on our platform. For each challenge, Hypios CI sounds its database, contacts relevant experts and invites them to register on our platform to solve it. Hypios CI works with institutions and individuals to ensure a large and diverse Solver base that captures as many industries and disciplines as possible. Today, top solver countries are the US, France, India, Australia and Italy, but our solvers reside in 180+ countries worldwide.
Initially the Solver will receive a confirmation email within a few days of their submission. Once the Solver knows that their solution has been received, the process begins. The solution process is conducted in phases. The first phase is the submission phase in which Solvers have time to read the challenge and work on solutions. Once the deadline is reached, all submitted solutions are reviewed during a selection phase. The Seeker then decides whether or not to retain a solution and award the prize.
If selected as the winner of a problem challenge, the solver is asked to sign a contact details release form, where he(she) is reminded of his engagement regarding intellectual property. Hypios CI will also ask for an IBAN, full contact details, and a copy of his work contract (if currently employed). Once all these documents are received, Hypios CI then credits the solver’s bank account. When paid, the solver loses all rights to the intellectual property of his(her) solution.
Due to the vast number of various tax codes and systems applicable in each country, the solver is the sole responsible for taking the VAT amount into account when he (she) invoices Hypios CI to claim the award. For all intent and purposes, the award prize put up by the Seeker is “all taxes included.” The invoice has to automatically deduce the tax percentage
Payment can usually can take between 30-60 days after the selection phase is completed.
For a full description of your intellectual property rights, please refer to the Hypios CI Solver Terms. Throughout the entire solving process, Solvers retain original ownership of their solution until one is chosen by the Seeker. If a solution is retained, the Seeker pays the agreed price to purchase all intellectual property rights from the Solver to use the solution. If a solution is not selected, Hypios CI reserves the right to keep it in our database in the event that another Seeker becomes interested in purchasing a solution for a similar problem. However, we protect the privacy of the Solver and we do not under any circumstances allow for the distribution, use, or unauthorized sale without prior consent. If an offer for a previously submitted solution is made, the owner must be fully compensated. For further information, please see our About IP feature in this menu read our IP Guidlines.
Your ability to submit a solution may depend on the contract signed with your employer.
Solutions are only accepted before the deadline. The only exception to this rule is if the Seeker decides to extend the deadline.
Yes, deadlines may be extended if requested by the Seeker. For more information, please refer to, Why Hypios CI sometimes extends its deadlines.
The Seeker is the only one to decide whether or not to purchase one (or many) solution(s).
Diversity is critical. Studies show that a high percentage of unsolved problems within an organization can be solved by people outside the immediate domain and discipline of the problem. Diversity is therefore one of the most valuable aspects of Hypios CI.
Hypios CI is well suited for any industry. Hypios and its interface are adapted to all industries.
Hypios CI works with institutions and individuals to ensure a large and diverse Solver base that captures as many industries and disciplines as possible.
If a solution corresponds to the criteria you specified or allows you to overcome the barrier to solving a particular problem or set of problems, it is deemed as the "right" solution and whoever offered it should be rewarded.
Yes, the minimum problem price is USD 5,000. The minimum price ensures that Hypios CI retains a focus on high value problems and ensures the interest of highly qualified Solvers.
Yes. Solvers can legally sell their solutions to Seekers, and prior to joining Hypios CI, each Solver signs a legal document stating his or her eligibility to participate and submit solutions.
There is no limit to the number of solutions that a Seeker can purchase. A Seeker must purchase at least one solution before being able to license other solutions.
Confidentiality of Solvers and Seekers are maintained. Therefore, through its platform Hy.OpenInnovation®, Hypios CI plays the intermediary between a Seeker and a Solver during the transaction until the solution sale completion. After Solution sale and under exceptional circumstances Hypios CI reserves the right to connect the Seeker to the Solver after receiving their respective authorization.
Intellectual property rights for hypios users remain the same regardless of location. They are the rights established during the Paris Convention for the Protection of Intellectual Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). Despite their age, these two conventions remain the standard documents for international industrial and intellectual property laws.
As soon as a solution is submitted to Hypios CI, its licensing rights are also transferred to Hypios CI. Solvers whose solutions are not chosen by the Seeker will retain their rights to sell the solutions elsewhere.
Anyone can be a Solver on Hypios CI. However, not everyone can be a Seeker. We have close relationships with all of our clients, and they fully understand the legal consequences of behaving dishonestly on Hypios CI. We've also put in place a number of security measures that must remain confidential to maintain their effectiveness.
Please contact our Solver service team and they will delete the solution from our database.
Hypios will maintain a licensing right over the solution for 25 years or until it is purchased, either by a Hypios CI Seeker or another party. If a Solver sells the exclusive right to someone else, Hypios CI will remove the solution from its database.
Yes, but only if you agree to sell the exclusive rights to the trademarked object.
Yes, but only if you agree to selling the exclusive rights to your invention to the Seeker.
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