Tag: Incentive Prizes

Are Municipal Incentive Prizes the Wave of the Future?

Incentive prizes have provided very large cash payments to innovators who solve specific problems.  They leverage private entrepreneur’s investment in advancing technology and services. “Incentive Prizes-Tools for Governments” in Searcher reports how government is using incentive prizes to pay only for results while stimulating private sector investment exceeding the size of the purse. Two cities

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