Previous Summits

Prize Summit I
The inaugural Prize Summit met on 8 April 2011 at London Business School (London, UK) to discuss the use of prize competitions to solve problems, promote innovation and reward new technologies.
The keynote address was provided by David Willetts, UK Minister for Universities and Science. Subsequent panels and case study presentations featured practitioners and scholars from across Europe and North America.
The Summit learned that two of the most powerful and influential countries in the world, the UK and US, are exploring prize competitions as a tool to stimulate innovation in a wide range of different sectors, albeit at different speeds.
Overall, the debates and discussions at the Prize Summit confirmed that prize competitions are a valid and interesting tool for fostering innovation.
A summary of our key debates can be downloaded here.
Prize Summit II
The second Prize Summit met on 3 May 2012 at Carnegie Mellon University's Heinz College (Washington DC, US) to explore the potential of prizes to solve government problems.
Thirty government officials from a range of agencies and departments participated in the Summit, co-hosted by InnoCentive and Carnegie Mellon University.
Led by trailblazers such as DARPA, and further enabled by the 2011 re-authorization of the America COMPETES Act, U.S. Government agencies and departments have been increasingly exploring prizes and challenge programs as a problem-solving method. Crowdsourcing is at the heart of prizes, but as the Summit discussed, the crowd can be mobilized at every stage, including design, crowdfunding and crowdvoting.
A summary of our key debates can be downloaded here.
The Prize Summit
Washington DC, US
Washington DC, US

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