How Prize Challenges Can Change the World

SpaceShipOne after released by White Knight.
When SpaceShipOne rocketed to a record 367,442 feet (112 kilometers), and snagging the Ansari X Prize, it also proved that private industry can build a viable vehicle for sending people into space.
(Image credit: X Prize Foundation)

While scientific discovery may be its own reward, the lure of prize money has fueled many a new innovation.

In addition to quantity, prize challenges draw unconventional people into a field, while the thrill of competition drives people to share ideas and think in novel ways, said Neta Zach, the scientific director of Prize4Life Inc., an organization that offers money for medical breakthroughs. "It's part of the psychology of prizes," Zach said. "If you give them a prize, they try to outsmart themselves and come up with new solutions, and are also more willing to venture into new fields."

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Tia Ghose
Editor-in-Chief (Premium)

Tia is the editor-in-chief (premium) and was formerly managing editor and senior writer for Live Science. Her work has appeared in Scientific American, Wired.com, Science News and other outlets. She holds a master's degree in bioengineering from the University of Washington, a graduate certificate in science writing from UC Santa Cruz and a bachelor's degree in mechanical engineering from the University of Texas at Austin. Tia was part of a team at the Milwaukee Journal Sentinel that published the Empty Cradles series on preterm births, which won multiple awards, including the 2012 Casey Medal for Meritorious Journalism.