Posted Jul. 17, 2014 at 12:57 p.m.

Premium Lock Vivek Wadhwa: The most powerful way to create innovation is ...

Published: 2014-07-17 12:57:03
Updated: 2014-07-17 12:57:03

Vivek Wadhwa Vivek Wadhwa

Remember what drove Charles Lindbergh to fly across the Atlantic? Competition for prizes can drive significant innovation. Unlike traditional venture-capital firms, which back one idea, specific competitions inspire multiple solutions -- often leading to new industries. Such competitions do this by setting a specific target that several teams strive toward....

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