Off to the $pace races

Can prize competitions spur innovation that government bureaucracies can't?

By Ian Garrick Mason

June 20, 2004

E-mail|
Print|
Reprints|
|

Text size – +

ON FEB. 28, 1927, a 25-year-old airmail pilot, backed by a group of St. Louis businessmen, hired the Ryan Airlines company to build a long-range version of its M-2 single-engined monoplane. Designed and constructed in only two months, and ﬂight-tested over a few days, on May 20 the plane bounced down a muddy Long Island runway and took off. (Full Article: 979 Words)