And the winner is…

I have been in a seminar at the London Business School on the scope for innovation prizes. Early prizes like this were the longitude prize set in 1714, which made navigation safe, and the food preservation prize, soon after the French Revolution, which introduced food in cans.

There are essentially two types of prizes – ones that stress competition and ones that build community, for example through a sense of a shared challenge. Threw up lots of ideas for the co-operative sector … and some cautionary warnings!

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