Prizes for R&D – part 2

Speaking of prizes for R&D (see yesterday’s posting), I just got pre-announcement of a new National Academies study on Innovation Inducement Prizes at the National Science Foundation. The report concludes that prizes have an important role to play in our innovation system and recommends that NSF establish a a pilot program of “several small-scale prizes ($200,000 to $2 million each) in diverse areas that differ regarding prize scope and scale, contest duration, engagement of outside groups, and other features.” In other words, an experiment. Sounds good to me.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s