The international competition invited teams from industry, government and academic research centers to enter a working software system demonstrating the use of intelligent agent concepts and technology. From the 54 initial entries a panel of judges selected 14 finalists. These were invited to present and demonstrate their systems at the final judging, held at the Unviersitat Politecnica de Catalunya in Barcelona on February 6, 2003.

The UMBC TAGA system demonstrated an experimental testbed for a realistic electronic commerce application using web services and the semantic web languages in a multiagent systems environment. TAGA is intended as a platform for research in multiagent systems, the semantic web and automated trading in dynamic markets as well as a self-contained application for teaching and experimentation with these technologies. It is running as a continuous open game and source code is available for research and teaching purposes. The judges cited the UMBC entry as a "well thought, nicely implemented, a real-size system."

The UMBC team received a cash award and PDAs donated by Sony.