Federal Prize Competitions

Abstract

Prize competitions are a tool for incentivizing the achievement of scientific and technological innovation by offering monetary and nonmonetary benefits (e.g., recognition) to competition participants. Prize competitions have a long history of use in both the public and private sectors, but have gained popularity in recent years. Experts view federal prize competitions as an alternative policy instrument for spurring innovation, not a substitute for more traditional methods of federal support for research and innovation such as competitive research grants and procurement contracts.

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Document Details

Document Type
Technical Report
Publication Date
Apr 06, 2020
Accession Number
AD1170149

Entities

People

  • Marcy E. Gallo

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Engineered Resilient Systems
  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • Carbon Dioxide
  • Commerce
  • Congress
  • Data Sets
  • Department Of Defense
  • Engineering
  • Environmental Protection
  • Governments
  • Intellectual Property
  • Law
  • Local Governments
  • Management Personnel
  • National Governments
  • Organizational Structure
  • United States
  • United States Government
  • Wildlife Management

Fields of Study

  • Economics

Readers

  • Defense Technology Research and Development.
  • Economics
  • Military History