Prizes

By default, prizes in each phase will be awarded to each team on a pro rata basis. Individuals will be responsible for financial implications of the prize, including tax liability and impact to financial aid.

Challenge Prizes by Phase

Prototype Phase

Based on the scores of a panel of independent judges, up to 15 teams will be awarded $300 each based on how they scored against the rubric. Prizes in this phase will be allocated to the team lead for further distribution to team members. Teams will be responsible for determining the method of prize allocation to individual members.

MVP Phase

Each team submitting an MVP by the specified deadline may be eligible to compete for a prize. Eligibility will depend on a technical review of the completed code and a live demonstration of the MVP functionality. Up to 10 eligible teams will be awarded $500 each based on how their MVP scores against the rubric.   

As in the previous phase, prizes in this phase will be allocated to the team lead for further distribution to team members. Teams will be responsible for determining the method of prize allocation to individual members.

Pitch Contest

Based on the results of the MVP phase review, up to 10 teams will be selected to participate in the pitch contest. Each team will be provided the opportunity to pitch their MVPs to a panel of independent judges. Based on the judges’ scores, teams will be provided the following prizes:

  • First place: $5,500
  • Second place: $3,500
  • Third place: $2,500
  • Fourth and fifth place: $2,000 each team

Prizes for this phase will be equally distributed to individual team members on each team.

Invent Penn State Entrepreneurship Prize

Invent Penn State logo

The Entrepreneurship Prize is designed to inspire and empower Challenge participants to turn their AI-driven solutions into socially impactful ventures.

This prize emphasizes practical skills in entrepreneurship, encouraging students to think about how the technology is used to deliver meaningful, scalable solutions that address clearly defined market needs.

At the MVP phase, up to 5 teams will be awarded $200 each, based upon how their MVP scores against the evaluation criteria below.

Additionally, teams selected to enter the Pitch Contest will be eligible for additional prize money, based on the same criteria:

  • First place: $2,500
  • Second place: $1,500

This is separate prize money that can be awarded to any team selected to enter the Pitch Contest.

Continued MVP Development

Additionally, teams may qualify for additional funding in support of continued MVP development. Continued MVP development would likely be done in cooperation with an organization that would benefit from the solution, e.g., a nonprofit. This project-based funding would be evaluated and awarded separately and will depend on the nonprofit’s interest in working with the team and the team’s availability. Details on additional funding opportunities will be shared as they become available. 

Development  Costs 

Teams are solely responsible for any costs associated with the development of their prototypes and MVPs. Levels of free access and/or credit to specific AI and hosting platforms are available to Challenge participants and should be sufficient for development work up through the MVP Phase. Any costs incurred in excess of the free access and/or credits during or after the completion of the Nittany AI Challenge are the sole responsibility of the participants or team of participants.