{
    "version" : "https://jsonfeed.org/version/1",
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    "title" : "The Day After: Real Impacts Begin When a Challenge Ends |Digital.gov",
    "description": "The Day After: Real Impacts Begin When a Challenge Ends",
    "home_page_url" : "/preview/gsa/digitalgov.gov/snyk-fix-08ac0319715b31f28b1a7897cd249f39/","feed_url" : "/preview/gsa/digitalgov.gov/snyk-fix-08ac0319715b31f28b1a7897cd249f39/2016/02/02/the-day-after-real-impacts-begin-when-a-challenge-ends/index.json","item" : [
    {"title" :"The Day After: Real Impacts Begin When a Challenge Ends","summary" : "In 1927, Charles Lindbergh won the Orteig Prize for becoming the first pilot to fly nonstop from New York to Paris. Few know that Lindbergh won $25,000 for the flight, but everybody knows about the revolution that followed. That transatlantic flight opened people’s minds to what was possible in air travel. Investment in the aviation","date" : "2016-02-02T10:00:52-04:00","date_modified" : "2024-07-10T08:44:18-04:00","authors" : {"eric-beidel" : "Eric Beidel"},"topics" : {
        
            "challenges-and-prize-competitions" : "Challenges & Prize Competitions"
            },"branch" : "snyk-fix-08ac0319715b31f28b1a7897cd249f39",
      "filename" :"2016-02-02-the-day-after-real-impacts-begin-when-a-challenge-ends.md",
      
      "filepath" :"news/2016/02/2016-02-02-the-day-after-real-impacts-begin-when-a-challenge-ends.md",
      "filepathURL" :"https://github.com/GSA/digitalgov.gov/blob/snyk-fix-08ac0319715b31f28b1a7897cd249f39/content/news/2016/02/2016-02-02-the-day-after-real-impacts-begin-when-a-challenge-ends.md",
      "editpathURL" :"https://github.com/GSA/digitalgov.gov/edit/snyk-fix-08ac0319715b31f28b1a7897cd249f39/content/news/2016/02/2016-02-02-the-day-after-real-impacts-begin-when-a-challenge-ends.md","slug" : "the-day-after-real-impacts-begin-when-a-challenge-ends","url" : "/preview/gsa/digitalgov.gov/snyk-fix-08ac0319715b31f28b1a7897cd249f39/2016/02/02/the-day-after-real-impacts-begin-when-a-challenge-ends/","content" :"\u003cp\u003eIn 1927, Charles Lindbergh won the Orteig Prize for becoming the first pilot to fly nonstop from New York to Paris.\u003c/p\u003e\n\u003cp\u003eFew know that Lindbergh won $25,000 for the flight, but everybody knows about the revolution that followed.\u003c/p\u003e\n\u003cp\u003eThat transatlantic flight opened people’s minds to what was possible in air travel. Investment in the aviation industry exploded, as did the number of people buying plane tickets.\u003c/p\u003e\n\u003cp\u003eObviously, the impact of the Orteig Prize continues to this day. \u003cdiv class=\"image\"\u003e\n  \u003cimg\n    src=\"https://s3.amazonaws.com/digitalgov/_legacy-img/2016/01/600-x-400-Dominoes-falling-Comstock-Stockbyte-Thinkstock-78460749.jpg\"\n    alt=\"Dominoes falling\"/\u003e\u003c/div\u003e\n\n\u003c/p\u003e\n\u003cp\u003eIt provides a perfect example for the seventh and last installment in an expert training series on how to design and operate prize competitions to maximize success.\u003c/p\u003e\n\u003cp\u003eIn a Jan. 14 webinar on \u003ca href=\"https://www.youtube.com/watch?v=QdLSB2rjV9w\"\u003ePost-Prize Industry \u0026amp; Post-Prize Impact\u003c/a\u003e, experts explored ways to ensure a competition continues to make an impact long after a prize has been awarded.\u003c/p\u003e\n\u003cp\u003e“You should really think about it all the way through the process,” said Stephanie Wander, associate in prize design at XPRIZE.\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003e“The day after the prize is won is really when the real work begins.”\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eThat work could include a roadshow to talk about solutions, holding team summits and investor showcases, conducting field tests or going on a press blitz to spread the word.\u003c/p\u003e\n\u003cp\u003eIt all depends. For instance, are you looking to create a post-prize industry or cure a disease?\u003c/p\u003e\n\u003cp\u003e“Sometimes you’re in the middle of a process where you think you know what you can get out of it, but then you realize you can get so much more,” said Alexis Bonnell, chief of applied innovation and acceleration at the U.S. Agency for International Development’s (USAID) Global Development Lab.\u003c/p\u003e\n\u003cp\u003eCase in point: USAID’s \u003ca href=\"http://www.ebolagrandchallenge.net/\"\u003eFighting Ebola Grand Challenge\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eIn addition to providing front-line healthcare workers with a \u003ca href=\"/preview/gsa/digitalgov.gov/snyk-fix-08ac0319715b31f28b1a7897cd249f39/2015/12/11/all-in-partnering-across-sectors-can-boost-competition-results/\"\u003esafer, easier-to-use suit\u003c/a\u003e, the challenge also produced innovations in sensors and information technology.\u003c/p\u003e\n\u003cp\u003eXPRIZE Director of Prize Operations Salima Ranmal joined Wander and Bonnell for a wide ranging discussion that also touched on a variety of budget considerations.\u003c/p\u003e\n\u003cp\u003eBelow is a rundown of some of what the experts had to say. You can also \u003ca href=\"https://www.youtube.com/watch?v=QdLSB2rjV9w\u0026amp;feature=youtu.be\"\u003ewatch and listen\u003c/a\u003e to the entire webinar.\u003c/p\u003e\n\u003cp\u003e[youtube=http://www.youtube.com/watch?v=QdLSB2rjV9w\u0026amp;w=600]\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eBegin with the end in mind\u003c/strong\u003e: Desired post-prize impacts should inform the design of your prize competition. What is the problem, and what would the world look like if it were solved? Look at industry challenges and failures. Analyze markets. Remember: You’re trying to knock down that first domino that starts a chain reaction.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eKnow what you’re investing in\u003c/strong\u003e: Is it people? An idea? An organization? Technology? An industry or market? Understanding your investment will guide your activities after a prize.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFind the sweet spot\u003c/strong\u003e: Whether deciding the size of your prize or the scope of your goals, find the sweet spot. Look for something that pushes you, but is not impossible.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eGet comfortable with failure\u003c/strong\u003e: A good deal of winning solutions will not work. Recognize, respond and learn from failure.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCustomize the support you give winners\u003c/strong\u003e: One team might be business savvy and just needs help reaching investors. Another team might feature scientists with little business acumen. Tailor your support in a way that is meaningful to the teams.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eIdentify and measure your impacts\u003c/strong\u003e: Are you looking to influence public perception or demonstrate a technological breakthrough, create a market or engage a community? Once you know, you’ll want to find ways to measure the impacts—percent of market growth, number of people affected, amount of money raised by teams, etc.\u003c/p\u003e\n\u003cp\u003e\u003cem\u003e\u003cstrong\u003eThe Expert Training Series\u003c/strong\u003e: \u003cstrong\u003eHow to Design \u0026amp; Operate Prizes to Maximize Success\u003c/strong\u003e is a seven-part educational forum on incentivized prize competitions for the federal challenge and prize community. A collaboration between \u003ca href=\"https://www.challenge.gov/list/\"\u003eChallenge.gov\u003c/a\u003e and \u003ca href=\"/preview/gsa/digitalgov.gov/snyk-fix-08ac0319715b31f28b1a7897cd249f39/digitalgov-university/\"\u003eDigitalGov University\u003c/a\u003e, the webinar series covered various aspects of both prize design and prize operations and featured speakers and best practices from federal agencies.\u003c/em\u003e\u003c/p\u003e\n"}
  ]
}