An innovation challenge orchestrated by Agorize is a hybrid program where a community of innovators, including students, startups, employees, and project leaders, have several weeks or months to propose innovative solutions to a problem statement created by the organizer. The organizer launches a call for projects on the Agorize innovation management platform, and participants can submit their applications. During the challenge, experts select innovations that can be implemented, and mentors support teams in developing their projects. Finalists present their ideas during a live event, and winners receive prizes such as monetary rewards, support for commercialization, or access to an investing fund.