Large incentive competitions are becoming increasingly popular amongst policymakers and philanthropists as a mission-orientated tool for inducing innovation, particularly in areas of national priority where market incentives and conventional tools such as patents and procurements tend not to be...

This research focuses on two specific research problems in the context of innovation in the biotech industry. These research problems map to the two phases of innovation process--creation of new scientific expertise (Phase I) and commercialization of that new expertise (Phase II). The research...