Contemporary Management of Innovation 2006
DOI: 10.1057/9780230378841_16
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Prizes as Incentives. Reflections on a Century o f Aviation Contests

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“…Additionally, lobbyists from the American Home Appliance Manufacturers trade group were able to successfully delay the new efficiency standards until 2001. 26 Recently, the U.S. government also started to play a role in innovation through warfighter while the far term fundamental research is where new ideas and far-reaching concepts are created. As the illustration shows, the amount of funding in the far term area is much lower than in the near term S&T. It is much harder to obtain funding for new science and potentially disruptive technologies than for S&T to solve current known problems.…”
Section: History Of Prize Competitionsmentioning
confidence: 99%
“…Additionally, lobbyists from the American Home Appliance Manufacturers trade group were able to successfully delay the new efficiency standards until 2001. 26 Recently, the U.S. government also started to play a role in innovation through warfighter while the far term fundamental research is where new ideas and far-reaching concepts are created. As the illustration shows, the amount of funding in the far term area is much lower than in the near term S&T. It is much harder to obtain funding for new science and potentially disruptive technologies than for S&T to solve current known problems.…”
Section: History Of Prize Competitionsmentioning
confidence: 99%