Billionnaires create research prizes to spur ingenuity

This is great!

Here is my favorite excerpt:

A second prize is aimed at kicking America’s self-proclaimed addiction to oil, by spurring research into greener vehicles. “This is a hot button that can effect our reliance on energy from around the world and our production of pollution, both of which are major problems from a national security standpoint and an environmental standpoint,” Dr Diamandis said. “We’re still using the internal combustion engine after 100 years, and getting 20 miles per gallon for the past 40 years. It’s ripe for a major prize to break things open.”

Read the whole thing here.


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