Canadian hi-tech company offers $45,000 for the best algorithm for identification of substances from electromagnetic signatures.
FIND Technologies Inc. is a Canadian company that owns novel sensor technology for measuring electromagnetic signatures of materials. The sensor is a robust, inexpensive instrument that detects passive electromagnetic emission from all matter. It has biomedical, homeland security, engineering, geological, and other applications.
In order to develop real-time, automatic identification of materials using the sensor, FIND offers $45,000 (Canadian) prize to an individual or group that is able to invent an algorithm that identifies and categorizes 1,500-sample data set of electromagnetic signatures into 3 classes of substances, at an accuracy of 95% or higher. Current FIND's algorithm achieves accuracy of 79%.
The contest, entitled Materials Identification Based on Measurements of Passively Emitted Electromagnetic Radiation, ends November 30, 2011, or as soon as a successful algorithm is submitted. The winning team must transfer intellectual property rights to the algorithm to FIND.