Tuesday, December 20, 2016

Air Force Prize Innovation Contest Entices Entrants with $2 Million

We’re all familiar with innovation contests in the private sector. At Skild, we help organizations of all kinds coordinate them.

But now the military is seeking to take advantage of the concept of bringing many sharp minds and independent perspectives to bear on a problem in order to find the best solution. Responding to a directive from the Secretary of the Air Force to “bend the cost curve” and utilize every budget dollar to its fullest, the Air Force Research Laboratory (AFRL) has launched the first Air Force Prize.

The $2 million award will go to the inventor who successfully develops a small, lightweight, fuel-efficient turbine engine. This is, of course, no walk in the park. The engine must meet strenuous requirements as judged by AFRL experts. Read more from this blog.

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