OK, I admit that after the US budget debate, $20K doesn’t sound like a lot of money. 😉 But, think of the prestige, groupies, etc., that would go along with winning first place.
From the website:
Over 1770 companies have already filed XBRL-formatted financial statements to the SEC and by year-end 2011, all public companies will be doing so. While several XBRL-enabled tools are available on the marketplace today, we’ve created the XBRL Challenge to encourage the development of more tools and build awareness among analysts about the wealth of data available to them.
The XBRL Challenge is a contest that invites participants to contribute open source analytical applications for investors that leverage corporate XBRL data.
Here is the short description of what they are looking for:
Tools that rely on XBRL data, e.g., tool that extracts data for multi-company comparison via desktop application; or one that creates real-time valuation measures and delivers to mobile devices.
I am going to check out the rules and existing apps.
See you near the winner’s circle?