How the White House is aiming the X Prize model at big problems
On October 4, 2004, the idea of incentive prizes hit the mainstream when Burt Rutan and his team at Scaled Composites launched SpaceShip One into orbit for the second time and won the $10 million Ansari X Prize.
Since then, prizes like that have become more and more common, and though the X Prizes are still the gold standard, there are now similar competitions from medical research to science to business, and beyond.
Not long ago, however, the U.S. government got into the business (PDF) of using competitions like these to come up with new ways to solve existing … Read more
