WASHINGTON POST - Challenge.gov in Long Tradition of Giving Prizes

In the flurry of activity at the end of the 111th Congress, the reauthorization of the "America Competes Act" went mostly unnoticed. But it is a little bill that Washington hopes will prove transformative. The law - its cringe-worthy official name is the America Creating Opportunities to Meaningfully Promote Excellence in Technology, Education, and Science Act - overhauls the way the federal government supports private-sector research and development, and one of the main ways the government hopes to support R&D is with prizes. Lots of prizes.

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