The Promise of Incentive Prizes

November 18, 2018

As of July 2018, agencies have sponsored more than 840 incentive prizes. Over time, agencies became willing to sponsor prizes that are larger, more ambitious, and more important. For example, DARPA is sponsoring a $10 million prize for a team that can launch payloads to orbit, with no prior knowledge of the payload, destination orbit, or launch site, and accomplish that goal twice within days.