Compensation

Who is Eligible?

Concept Leader

Evolved an idea to a concept by consistently driving progress in solving the challenges at hand. There can be only one leader per concept.

Key Contributors

Contributed at least one key and novel aspect of a project which is visible in the product specification.*

*This does not include aspects from a winning challenge submission.

How Much Can You Earn?

Concept Leader

$1,000 initial award per concept plus a 0.5% royalty of feature sales* per concept.

Key Contributors

Up to $500 initial award to a maximum of $2,500 per concept plus up to 0.25% of feature sales* to a maximum of 0.5% per concept.

*Feature Sales defined as (feature cost / product cost) X product sales, would be full product sales for entirely novel projects. These amounts are a minimum award, which may be increased based on project scope and contributions at the discretion of the Community Managers.

When Can You Earn?

Start

Initial award and royalties will be awarded upon the first sale of the product.

End

Royalites will continue for a period of 4 years beyond the date of sale of the first product.

*Compensation is granted for a non-exclusive perpetual paid up license to make, have made, use, import, offer to sell and sell Home Appliance Products, and parts, components, systems, sub-systems, assemblies or sub-assemblies for same.