by Dan Vergano, USA Today, April 10, 2012
And if the government dangles prize money in front of inventors to come up with technology solutions to common problems, it can get results just as in the private sector, suggests a White House report out today that documents its successes in offering “challenge” prizes. The White House Office of Science and Technology Policy (OSTP) report follows passage last year of the America COMPETES Act, which streamlined federal research funding rules, and gave agencies wider latitude to solve problems by offering competitive prizes. Prizes such as 2004’s Ansari X Prize, where philanthropists awarded $10 million to the first private spacecraft to reach 62 miles high twice in two weeks, helped inspire the move. …
For full text of the report, visit White House touts ‘challenge’ prizes for tech solutions – USATODAY.com.
The General Service Administration invites the Federal prize and challenge community to join us for an upcoming free training.
The Apps Challenge Workshop
Tuesday, March 1, 2011
8:45 AM-12:00 PM ET
GSA – One Constitution Square
1275 First St NE, Washington, DC
In his Strategy for American Innovation, President Obama called on agencies to increase the use of tools such as prizes and challenges to solve tough problems. In March 2010, the White House Office of Management and Budget issued a memorandum to all agency heads providing a policy and legal framework to guide agencies in using prizes to stimulate innovation to advance their core missions.