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Keyword: inducementprize

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  • Invent the Lever

    07/13/2005 3:29:33 AM PDT · by ajolympian2004 · 2 replies · 306+ views
    Independence Institute ^ | July 13th 2005 | Dennis Polhill & Alex Schroeder
    Invent the Lever Dennis Polhill / Alex Schroeder Opinion Editorial July 13, 2005 If one could put $100 in the bank and get back $4000, one would be a fool to not do it. A $10 million prize offered by a St. Louis group has stimulated $400 million in research and development since 1996. Equally important, the X-Prize accomplished in eight years what NASA considered impossible. The contest motivated Burt Rutan to build the world's first privately funded spacecraft. Space Ship One went into space for the third time on October 4, 2004 to win the X-Prize. Since X-Prize inception,...