Prize Venture: A New Investment Model to Finance Prizes

An InnoCentive White Paper

Many long-term fundamental technologies are not attracting the kinds of investment they deserve, even though the potential returns, if successful, would be very substantial. The Prize Venture Model has real potential to overcome the growing gap between venture funding and seed stage investment and power the next generation of innovators. This white paper outlines how this model and others are being explored by thought leaders in the field. We cover:

  • The concept of Prize Venture: a type of prize competition whereby the Challenge structure is used to leverage investment in the prize money.
  • The outlook for Prize Venture
  • Next steps for establishing how and where the model can be applied successfully
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