Saturday, February 17, 2007

Silicon Valley goes 'American Idol' to inspire inventors | CNET

"Facing down stiff competition to win fame and big prize money? Forget singing for Simon Cowell and Paula Abdul. Try sequencing DNA for a panel of technology investors.
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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