How to Organise a BOLD Successful Prize Challenge

18/10/2021 - 07:57

Prizes can spur all types of innovation and R&D, and the use of prize challenges to accelerate R&D is experiencing a boom. Many organizations and governments around the world are launching prizes to accelerate R&D, and it’s a tool used by the likes of Forbes, Coca-Cola, Toyota, NBC, Facebook, Shell, NextEra Energy, and NASA, to just name a few. While these major companies have teams of people to handle such activities, Chris Frangione broke down for us the key elements of how anyone can organise a successful prize challenge.

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