1. The Prize Fund
Sara Vernam
Melissa Rosenberg
Mike Best
Abby Link
Image Zoo Illustrations
2. Risk Management
Anticipated Risks
• Political rent-seeking and lobbying
• Information asymmetry
• Uncompetitive R & D
• Duplicating resources
Unanticipated Risks
3. Technological Feasibility
No modern-day prize funds implemented
• Prize systems from 1900’s in Europe
Lessons from the past
• Clear qualifications
• Agency establishment and authority
• Available funding
• Limiting corrupt behavior
4. Long-term Function
1.Govermental commitment
• Federal funding (taxes, redistribution of funds)
2. Public-private partnership
• Private donor funding (Gates, Rockefeller)
3. International cooperation and participation