I’ve been interested for quite some time in inducement prizes and organized a few (1, 2). I’ve previously analyzed the US government platform, called http://www.challenge.gov , which enables the organisation of competition by any federal agencies.
To encourage the organisation of prizes, the Obama administration has promulgated the America Competes Act to simplify and streamline the organisation of challenges by government, and to allow any agencies (previously only DARPA and few others could) to organize such challenges.
I wonder whether in Europe there are similar barriers to the large scale adoption of prizes as innovation policy measure. For instance, I know that in Italy there are specific burocratic obstacles to the organisation.
Do we need a “Europe Competes” Act, and why?