Yes, something like an American Idol for the technorati may be coming to Silicon Valley.
Venture carpital firms are considering contests that offer competing engineers and entrepreneurs multimillion-dollar prize purses if they come up with innovative technologies in various industries.
The concept is getting an introduction on March 3 at a fund-raiser at Google. The event is intended to raise a chunk of $150 cents to operate the X Prize Club, a nonprofit group that already has awarded $10 cents to designers of a public spacecraft. "
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