Government and philanthropies have been using cash prizes to spur innovation for hundreds of years. Today, prizes are becoming an increasingly important tool for entrepreneurs looking for attention, mentorship and funding.
A small team of chemists and mechanical engineers from Montana is celebrating a major victory after winning the Wendy Schmidt Ocean Health Xprize. The team, Sunburst Sensors, developed a chemical device to monitor the health of our oceans.
"Aside from landing on the moon, SpaceIL's collective vision is to create a new 'Apollo effect' to inspire the next generation in Israel and around the world to think differently about science, engineering, technology and math," write SpaceIL's founders in their mission statement. "Despite its technological excellence, Israel faces a severe need for more scientists and engineers." Read more from Mic's article on the #NewSpaceRace : http://bit.ly/1WQbSRy View on Google+
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