Prize competitions. A new path to open innovations

RUST HALL, October 16, 14:00 — 15:00

We are witnessing a new approach to the paradox of open innovations. Governments and corporations are initiating technology contests for solving both major global challenges and smaller specific tasks. Those contests are more effective in many ways, they represent a clear solution, promote private investments in R&D, and attract new technology talents.
What are the technology contests? Is there any proof that they are more effective than traditional approaches to innovations? Does it fall within the competence of State or of business?