Challenge prize(s) to incentivise the development of innovative solutions in priority areas. These could be prizes for goals already suggested by people in this thread (e.g. producing resilient food sources, drastic changes to diagnostic testing, meat alternatives underinvested in by the market) or others.
Quotes from a Nesta report on challenge prizes (caveat that I haven’t spent any time looking up opposing evidence/perspectives):
By guiding and incentivising the smartest minds, prizes create more diverse solutions. Because prizes only pay out when a problem has been solved, you can support long shots, radical ideas and unusual suspects while minimising risk...
The high profile of a prize can raise public awareness and shape the future development of markets and technologies. Prizes can help identify best practice, shift regulation and drive policy change...
For the Ansari XPRIZE, 26 teams spent $100 million chasing the $10 million prize, jump starting the commercial space industry.
See also Musk’s $100m prize for carbon capture tech
Challenge prize(s) to incentivise the development of innovative solutions in priority areas. These could be prizes for goals already suggested by people in this thread (e.g. producing resilient food sources, drastic changes to diagnostic testing, meat alternatives underinvested in by the market) or others.
Quotes from a Nesta report on challenge prizes (caveat that I haven’t spent any time looking up opposing evidence/perspectives):
See also Musk’s $100m prize for carbon capture tech
Would be better to review less biased literature e.g. https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=review+of+challenge+prizes&btnG=