Netflix Prize contest rules – a crowdsourcing drafting resource

A multinational team claims to have qualified for Netflix’s $1 million prize for coming up with an improved algorithm for recommending specific movie rentals to subscribers. The contest is a real bargain for Netflix:  it gets thousands of contestants doing free R&D work for them (not to mention the free publicity associated with the contest), while having to pay the prize money only to the winner (plus smaller annual best-progress prizes).

The contest rules appear to be a useful resource for anyone drafting rules for a similar contest for R&D, marketing, etc.

See also: (list is automatically generated)

• Netflix $1M research contest shows most far-flung collaborations don’t work, says second-place team leader

Tagged as: Contest rules, Crowdsourcing, Netflix Prize