See details of the C-Prize here
Those challenges include improving their ability to record and reproduce high-definition sound, operate in rough weather, and track objects for augmented reality and visual effects purposes.
New Zealand-based students and innovators have until July 5 to submit initial concepts to overcome these challenges, which will be judged by a panel of industry, technology and commercialisation experts. Those with concepts that make it through the first round will get $10,000 and support to further develop them into prototypes.
The overall winner - announced in December - gets $50,000 plus a trip to exhibit at the 2016 National Association of Broadcasters trade show in Las Vegas, the largest international trade show for media content and technology.
Innovation prizes had a good track record internationally for stimulating progress in technically-challenging industries such as space flight and Quin said she hoped the C-Prize competition will do the same for New Zealand's emerging UAV sector.
(Businessdesk is funded by Callaghan Innovation to write about the commercialisation of innovation).