JFC operates serial competitions, offering cash compensation for placing the works in the public domain. Each series typically ends when the winner refuses the purse.

Team members meet at awards ceremonies and may remix in the next round. The ultimate winner will own the IP created in the last round and start a company.

We aim to enhance the quality of life for everyone in a sustainable manner. To do this, JFC focuses on transformational change by crossing exceptionally challenging "Valleys of Death".

Our approach arises from:

• Failures to focus on engineering from first principles

• The growing importance of free and Open Source Software

• Use of prizes to catalyze significant advances

• Need for sustainability

• Failure of foundations to use public money efficiently

• Need to develop and select accountable individuals who make substantial contributions