In the flurry of activity at the end of the 111th Congress, the reauthorization of the "America COMPETES Act" went mostly unnoticed. But it is a little bill that Washington hopes will prove transformative. The law—its cringeworthy official name is the America Creating Opportunities To Meaningfully Promote Excellence in Technology, Education, and Science Act—overhauls the way the federal government supports private-sector R & D, and one of the main ways the government hopes to support R & D is with prizes. Lots of prizes.
To read the full, original article click on this link: Can Washington get America's economy moving again with cash rewards? - By Annie Lowrey - Slate Magazine
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