Challenges and prize competitions are a severely underused tool that should be systematically instituted by governments in order to rectify the considerable problems and market failures that exist within the innovation system. This white paper presents common errors and examples of government and public sector Challenges, presents two case studies of successfully executed Challenges, and then makes a strong argument for outsourcing Challenges to experts.
Why Use Prizes and Challenge Driven Innovation?
Inside, you’ll find:
Who Should Read This White Paper?
If you’re a senior leader with managerial oversight or influence over your organization’s innovation initiatives or R&D function, this guide will provide you with fresh, new ideas and methods for tackling complex business problems and innovation challenges.