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NewSpace NYC Message Board › Challenge Prizes

Challenge Prizes

A former member
Post #: 22
Hi all... As part of our mission, we, as a group, need to think through how to match financial incentives for commercial space entrepeneurs with potential payouts to investors. As you have probably seen in my previous posts, doing this in any other but a general way is very difficult indeed. 100yss winners notwithstanding, I don't think any space financiers or entrepeneurs have really figured this out yet.

Please note this recent NYTimes article on the use of prizes to incentivize development: http://www.nytimes.co...­

What are people's thoughts? Could a financial institution use such a scheme on a larger scale than at present? Now, Google and a few other large companies provide a few large prizes, but we want to envision is a more regular outlay of funds to help spur development.
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