Corporate/Industry shares a specific problem-statement with a pre-identified set of institutions/individual innovators for them to attempt to find the appropriate solution for the same. The specific institutions/individual innovators will work on the problem, based on the guidelines provided and will produce a prototype/application/simulated solution along with a detailed explanation of their proposed solution. The institutions/individual innovators will present their solution to the corporate/industry, who will then get shortlisted for further implementation of the solution.
*The cost may increase/decrease depending upon the complexity of the problem. This will only be decided, once you share the problem with us.