Congress & Silicon Valley Billionaires Separately Launch Contests To Drive Forward Innovation
from the seems-like-a-good-idea dept
On the other end of the spectrum, three of Silicon Valley's richest techies, Mark Zuckerberg, Sergey Brin and Yuri Milner, have teamed up for a much larger program a "Breakthrough Prize" for life sciences that will award 11 grants of $3 million each year for major breakthroughs in science.
These are two different approaches towards encouraging more innovation in technology and sciences -- one at the "low" end and one at the "high" end -- but it will be interesting to watch how these kinds of incentive programs develop over time. It would be great to also see more "innovation prizes" that offer up rewards for reaching specific goals, rather than the sort of random "we pick a list of winners" that the Breakthrough Prize functions under. Still, more incentives for innovation can only be a good thing.