Friday, December 05, 2008

Entrepreneurial Approach to Running Innovation Prizes

Contests and Innovation - Enterprise Resilience Management Blog - This covers the recent BusinessWeek article on prizes, with a particular focus on Peter Diamandis's entrepreneurial efforts.

This part of the conclusion might or might not be true ... it all depends in part on what we do, and in part on how cost-effectively we can do it, when we get there:

Diamandis, writes LeVine, is not as interested in promoting scientific breakthroughs as he is in solving challenges to daily living. He wants to make life better for millions of people around the globe. Getting into space or landing a robot on the moon doesn't exactly accomplish that goal.