Prizes and Challenges: Good for Gov, Good for Biz

Prizes are effective at crowdsourcing innovation, accelerating progress, and attracting new talent, both in the private and public sectors. The White House recently launched challenge.gov to streamline the process for federal government agencies to use prizes to solicit innovative ideas and reward them. And there are numerous initiatives within the private sector, like GE's Healthymagination prize for breast cancer innovation, that have created opportunities for thousands of innovators working to solve some of our most pressing challenges.

Leading prize evangelists from the White House, the Case Foundation, and Luminary Labs will describe the innovative ways that they have crowdsourced innovation using prize inventives, and will invite a lively discussion on ways that audience members have seen prizes and challenges work in their industries.

Questions Answered

How have prizes and challenges created innovation in the public sector, and what is new since last year?
Do prizes and challenges work the same way in the private sector, or are there different mechanisms that need to be used?
What are some of the most innovative examples of a prize or challenges that sparked ideas that are changing the world?
Can anyone launch a prize competition? What are the best practices on what to do and what NOT to do?
What is next for prizes and challenges in the public and private sectors?