Grants vs Prizes

This surely has to be one of the best trends i saw/ realized in 2007: X Prize Foundation.

Be it Space-age transport, Genome sequencing or Autonomous & Green/ Emmission-free vehicles, the Prizes appeal to a worldwide audience of participants channeling and harnessing both the energies and imagination towards these interesting areas.

It was also interesting to see it complement - and sometimes even replace - grants to university and defense/ other research establishments.

The global appeal of this idea itself is enormous.