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Chapter 17: Driving Innovation and Breakthroughs

Incentive prizes have a 300 year history of stimulating innovation. Meet Raymond Orteig and see how he changed the world of aerospace with just $25,000. Learn how the Ansari X PRIZE was modeled after Orteig’s work and how its success in opening the spaceflight industry.  See how small groups can now accomplish what was once the sole province of governments and major corporations, explore the power of constraints to drive breakthroughs, and see why $1 billion dollar prizes to solve cancer, AIDS and other global epidemics could make sense.

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