December 4, 2004
NASA Centennial Challenge Awards
Due to the success of the Ansari X Prize (where private organizations built successful space-faring vehicles), NASA is considering a similar approach. As described at SpaceDaily, instead of the old bidding and contracts system, where the winning bid would receive funds before a project's success, the new system would only reward actual accomplishments. NASA is hoping to fuel more simultaneous development with a lower cost risk. The only problem is NASA is not authorized to do this.
Posted by josuah at December 4, 2004 7:03 PM UTC+00:00
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