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Over in the USA, they've twigged to a great method by which the military
and space agencies can save a fortune in the area of R&D.
Instead of doing the work yourself, just challenge the private sector
to achieve a particular goal and offer a token prize.
That's exactly what DARPA did with their
Grand Challenge
this month.
By tossing out the carrot of a paltry US$1 million in prize-money, DARPA
attracted an overwhelming number of entries and, although it appears that
even the best of them didn't come remotely close to claiming that prize,
I'm sure a lot of valuable information was gained.
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And, while NASA continues to pour billions of dollars into trying to come
up with another low-cost re-usable space vehicle to replace the shuttle
or provide affordable access to sub-orbital space -- the entrants
in the XPrize
challenge are already well down the track.
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Once again, the prospect of a measly (by comparison with NASA's budgets)
US$10 million has attracted a good number of competitors.
While the vast majority of those engaged in this race to space are
just dreamers,
there are also some
very impressive
entries that look as if they might just earn that $10 million.
Personally, I love this approach to advancing technology in specific areas.
Instead of trying to pick winners like our government does, this approach
effectively gives the private sector the incentive they need to duke it out
amongst themselves so that the winner is chosen solely on the quality and
merits of their results.
Even though the amount of money offered is small, it appears to be enough
to allow competitors to go out and rake up the much-needed funding through
private-sector sponsors.
Perhaps NZ ought to look at this strategy and see whether we can put it
to good use.
A good example of this might have been the government's recent call for
authentication systems that might work in conjunction with the roll-out
of its e-Government services.
Imagine how much they might have saved if they'd turned this into a challenge
with a $500K first prize. There'd have been truckloads of programmers
toiling long hours to try and win -- and who knows what really creative
solutions might have been devised, leading the way to commercial products that
could generate significant overseas earnings.
Perhaps it's time we reminded those who pick our pockets and then spend
our money for us that they have an obligation to choose strategies that
return the maximum bang for each buck involved. In some specific cases,
this "challenge" concept has a lot going for it.
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