System and method for software development

A method for allocating payments associated with the development of a computer program, comprising:

• conducting via a development server competitions for the development of contributions to the computer program, comprising
• providing by a specification distribution system, for each competition, a specification document describing the desired submission, a predetermined contribution amount, and a royalty pool amount, wherein the royalty pool amount represents a portion of total revenue associated with the computer program to be reserved for payments to the contributors who worked on the computer program;
• receiving by a submission subsystem submissions submitted in response to the specification;
• facilitating by a review subsystem the review of submissions in each competition using on-line evaluation forms to evaluate each submission and selecting of a submission to be a winning contribution based on the on-line evaluation forms;
• and
• allocating by an allocation subsystem the predetermined contribution amount in each competition to the contributor who authored the winning submission;
• and
• allocating payments by a management system to contributors based on the allocated contribution amounts, the predetermined royalty pool amount, and total revenue.

A system for allocating payments associated with the development of an asset, comprising:

• a competition server for conducting competitions for contributions to an asset, the development server comprising
• a specification distribution system for providing, for each competition, a specification describing the desired submission, a predetermined contribution amount, and a royalty pool amount, wherein the royalty pool amount represents a portion of total revenue for the asset to be reserved for payments to the contributors who worked on the asset;
• a submission subsystem for receiving submissions submitted in response to the specification;
• a review subsystem for facilitating the review of submissions in each competition using on-line evaluation forms to evaluate each submission and for selecting a submission to be a winning contribution based on the on-line evaluation forms;
• and
• an allocation subsystem for allocating the predetermined contribution amount in each competition to the contributor who authored the selected winning submission;
• and
• a management system for allocating payments to contributors based on the contributor's allocated contribution amounts and revenue generated by the asset.