7 lessons learned from $5 million in open innovation prizes

Sara Holoubek in the Lab Report: “Prize competitions have long been used to accelerate innovation. In the 18th century, Britain offered a significant prize purse for advancements in seafaring navigation, and Napoleon’s investment in a competition led to innovation in food preservation. More recently, DARPA’s Grand Challenge ignited a decade of progress in autonomous vehicle technology. Challenges are considered a branch … Continue reading 7 lessons learned from $5 million in open innovation prizes