Share
VIDEOS 1 TO 50
Inducement prize contest
Inducement prize contest
Published: 2017/07/15
Channel: Search Engine
Innovation Inducement Prizes at the National Science Foundation
Innovation Inducement Prizes at the National Science Foundation
Published: 2017/05/27
Channel: adi marshal
Innovation Inducement Prizes at the National Science Foundation
Innovation Inducement Prizes at the National Science Foundation
Published: 2017/05/25
Channel: JAMUAK DEDRAN
GenH - Q&A Webinar
GenH - Q&A Webinar
Published: 2017/09/01
Channel: Rampit Team
MIT IIC 2017 - Registration
MIT IIC 2017 - Registration
Published: 2017/03/21
Channel: Rampit Team
GenH - General Webinar
GenH - General Webinar
Published: 2017/09/01
Channel: Rampit Team
GenH - Q&A Webinar - September, 13
GenH - Q&A Webinar - September, 13
Published: 2017/09/18
Channel: Rampit Team
Googles LunarX Prize project!
Googles LunarX Prize project!
Published: 2017/01/22
Channel: Mysteries And Thoughts
Rampit Prizeware - Breakthrough Application
Rampit Prizeware - Breakthrough Application
Published: 2015/09/11
Channel: Rampit Team
MIT IIC - Judging Demo
MIT IIC - Judging Demo
Published: 2016/06/30
Channel: Rampit Team
OGA - Application
OGA - Application
Published: 2016/05/17
Channel: Rampit Team
12   2   12 2 Inducement Prizes 11 52
12 2 12 2 Inducement Prizes 11 52
Published: 2014/05/19
Channel: Denis Alaev
12   2   12 2 Inducement Prizes 1152
12 2 12 2 Inducement Prizes 1152
Published: 2012/10/05
Channel: Osiris Salazar
GenH - Registration
GenH - Registration
Published: 2017/05/24
Channel: Rampit Team
OGA - Forums
OGA - Forums
Published: 2016/05/17
Channel: Rampit Team
Registration Intro Demo
Registration Intro Demo
Published: 2016/06/02
Channel: Rampit Team
GenH Challenge - Registrant Q&A Webinar
GenH Challenge - Registrant Q&A Webinar
Published: 2017/08/30
Channel: Rampit Team
Rampit Prizeware - Breakthrough User Profile
Rampit Prizeware - Breakthrough User Profile
Published: 2015/09/12
Channel: Rampit Team
100&Change - Q&A Webinar
100&Change - Q&A Webinar
Published: 2016/07/20
Channel: Rampit Team
MIT IIC - Judges
MIT IIC - Judges' Training
Published: 2016/06/17
Channel: Rampit Team
FTM - Judges
FTM - Judges' Training #1
Published: 2016/05/06
Channel: Rampit Team
FTM - Application
FTM - Application
Published: 2016/04/28
Channel: Rampit Team
100&Change - Judges
100&Change - Judges' Briefing Webinar
Published: 2016/07/19
Channel: Rampit Team
BJC - Breakthrough Judging
BJC - Breakthrough Judging
Published: 2015/10/07
Channel: Rampit Team
100&Change Briefing - September 20, 2016
100&Change Briefing - September 20, 2016
Published: 2016/09/25
Channel: Rampit Team
Rampit Prizeware - Breakthrough Dashboard
Rampit Prizeware - Breakthrough Dashboard
Published: 2015/09/14
Channel: Rampit Team
WIC - User Profile
WIC - User Profile
Published: 2016/05/10
Channel: Rampit Team
Google Lunar X Prize - Video Learning - WizScience.com
Google Lunar X Prize - Video Learning - WizScience.com
Published: 2015/09/11
Channel: Wiz Science™
Rampit - AR Peer to Peer Review
Rampit - AR Peer to Peer Review
Published: 2015/06/09
Channel: Rampit Team
6.7 - 12.2 Inducement Prizes [Gamification]
6.7 - 12.2 Inducement Prizes [Gamification]
Published: 2017/07/26
Channel: DeForrest Prescott
Judges Training Webinar
Judges Training Webinar
Published: 2017/06/29
Channel: Rampit Team
OGA - Dashboard
OGA - Dashboard
Published: 2016/05/17
Channel: Rampit Team
IW - Dashboard and Features
IW - Dashboard and Features
Published: 2015/03/05
Channel: Rampit Team
Rampit - YouTube ID
Rampit - YouTube ID
Published: 2015/08/27
Channel: Rampit Team
Rampit - User Profile
Rampit - User Profile
Published: 2015/03/16
Channel: Rampit Team
Build or Join a Team Demo - FTM
Build or Join a Team Demo - FTM
Published: 2016/02/17
Channel: Rampit Team
WIC - Dashboard
WIC - Dashboard
Published: 2016/05/10
Channel: Rampit Team
Rampit - Video Chat
Rampit - Video Chat
Published: 2015/03/16
Channel: Rampit Team
User Profile
User Profile
Published: 2015/02/12
Channel: Rampit Team
OGA - User Profile
OGA - User Profile
Published: 2016/05/17
Channel: Rampit Team
Judging Process
Judging Process
Published: 2015/02/12
Channel: Rampit Team
WCC - Selection Committee
WCC - Selection Committee
Published: 2015/02/21
Channel: Rampit Team
National Geographic - Application
National Geographic - Application
Published: 2015/01/31
Channel: Rampit Team
Aaron ja Riinan haastekilpailu :OSA 2
Aaron ja Riinan haastekilpailu :OSA 2
Published: 2016/07/16
Channel: Arska _06
Greensboro SC2 - Plan Submission
Greensboro SC2 - Plan Submission
Published: 2015/05/09
Channel: Rampit Team
Video Chat
Video Chat
Published: 2015/02/12
Channel: Rampit Team
Forums Demo - MIT
Forums Demo - MIT
Published: 2016/03/14
Channel: Rampit Team
Rampit - Mail Messaging
Rampit - Mail Messaging
Published: 2015/03/16
Channel: Rampit Team
Registration Demo - FTM
Registration Demo - FTM
Published: 2016/01/30
Channel: Rampit Team
Mail Messaging
Mail Messaging
Published: 2015/02/12
Channel: Rampit Team
NEXT
GO TO RESULTS [51 .. 100]

WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
Jump to: navigation, search

An inducement prize contest (IPC) is a competition that awards a cash prize for the accomplishment of a feat, usually of engineering. IPCs are typically designed to extend the limits of human ability. Some of the most famous IPCs include the Longitude prize (1714–1765), the Orteig Prize (1919–1927) and the prizes from the X Prize Foundation.

IPCs are distinct from recognition prizes, such as the Nobel Prize, in that IPCs have prospectively defined criteria for what feat is to be achieved for winning the prize, while recognition prizes may be based on the beneficial effects of the feat.

Research has shown that IPCs can be extremely effective in pushing the advancement of technology.

History of IPCs[edit]

Throughout history, there have been instances where IPCs were successfully utilized to push the boundaries of what would have been considered state-of-the-art at the time.[1]

The Longitude Prize was a reward offered by the British government for a simple and practical method for the precise determination of a ship's longitude. The prize, established through an Act of Parliament (the Longitude Act) in 1714, was administered by the Board of Longitude. Another example happened during the first years of the Napoleonic Wars. The French government offered a hefty cash award of 12,000 francs to any inventor who could devise a cheap and effective method of preserving large amounts of food. The larger armies of the period required increased, regular supplies of quality food. Limited food availability was among the factors limiting military campaigns to the summer and autumn months. In 1809, a French confectioner and brewer, Nicolas Appert, observed that food cooked inside a jar did not spoil unless the seals leaked, and developed a method of sealing food in glass jars.[2] The reason for lack of spoilage was unknown at the time, since it would be another 50 years before Louis Pasteur demonstrated the role of microbes in food spoilage. Yet another example is the Orteig Prize which was a $25,000 reward offered on May 19, 1919, by New York hotel owner Raymond Orteig to the first allied aviator(s) to fly non-stop from New York City to Paris or vice versa. On offer for five years, it attracted no competitors. Orteig renewed the offer for another five years in 1924 when the state of aviation technology had advanced to the point that numerous competitors vied for the prize. Several famous aviators made unsuccessful attempts at the New York–Paris flight before relatively unknown American Charles Lindbergh won the prize in 1927 in his aircraft Spirit of St. Louis.

In recent years, there has been increasing interest in the development of IPCs to push technical boundaries in several key areas such as aerospace, life sciences, and sustainable energy among others. Some now predict that global recession may make prizes more prevalent rather than less as prizes are argued to be a cost effective tool for advancing markets. Big prizes for big challenges - 13 predictions for 2013[3]

A leading organization in development and managing IPCs is the X PRIZE Foundation. Its mission is to bring about “radical breakthroughs for the benefit of humanity” through incentivized competition. It fosters high-profile competitions that motivate individuals, companies and organizations across all disciplines to develop innovative ideas and technologies that help solve the grand challenges that restrict humanity’s progress. The most high-profile X PRIZE to date was the Ansari X PRIZE relating to spacecraft development awarded in 2004. This prize was intended to inspire research and development into technology for space exploration. Indeed, the X Prize has inspired other "letter" named inducement prize competitions such as the H-Prize, N-Prize, and so forth. In 2006, there was much interest in prizes for automotive achievement, such as the 250 mpg car.[citation needed]

In Europe there has been a re-emergence of challenge prizes that following in the tradition of the Longitude Prize for solutions which impact on social problems. The Centre for Challenge Prizes based in London is an example of this running prizes for innovations that for example reduce social isolation or make renewable energy generators accessible to off the grid refugees and returnees.[4]

Economics of IPCs[edit]

In some literature on the subject, it has been stated that well-designed IPCs can garner economic activity on the order of 10 to 20 times the amount of the prize face value.[citation needed]

List of IPCs[edit]

See also[edit]

References[edit]

  1. ^ Wadhwa, Vivek (21 May 2014). "The powerful role of incentive competitions to spur innovation". Washington Post. Retrieved 14 January 2015. 
  2. ^ "Association Internationale Nicolas Appert" (in French). 
  3. ^ "Big prizes for big challenges - 13 predictions for 2013 - Nesta". 
  4. ^ Centre for Challenge Prizes
  5. ^ "'Brexit': IEA offers prize for UK exit plan from EU". British Broadcasting Corporation. 15 July 2013. Retrieved 17 February 2014. 

External links[edit]

Disclaimer

None of the audio/visual content is hosted on this site. All media is embedded from other sites such as GoogleVideo, Wikipedia, YouTube etc. Therefore, this site has no control over the copyright issues of the streaming media.

All issues concerning copyright violations should be aimed at the sites hosting the material. This site does not host any of the streaming media and the owner has not uploaded any of the material to the video hosting servers. Anyone can find the same content on Google Video or YouTube by themselves.

The owner of this site cannot know which documentaries are in public domain, which has been uploaded to e.g. YouTube by the owner and which has been uploaded without permission. The copyright owner must contact the source if he wants his material off the Internet completely.

Powered by YouTube
Wikipedia content is licensed under the GFDL and (CC) license