US$10 Million Prize to Build a Better Bulb
The New York Times is reporting, in a story Build a Better Bulb for a $10 Million Prize, that Dutch electronics giant Philips has announced that it has already developed an LED based light that meets all of the ‘L Prize’s conditions. The bulb is now being tested in what the US Energy Department describes as the most publicly tested bulb ever.
“Philips is confident that the product submitted meets or exceeds all of the criteria for the L Prize,” Rudy Provoost, chief of Philips Lighting, said in a statement.
The $10 million is almost beside the point. More important, the contest winner will receive consideration for potentially lucrative federal purchasing agreements, not to mention a head start at cracking a vast consumer marketplace.
The L Prize has garnered significant attention in the lighting industry because 60-watt incandescent lamps represent 50 percent of all the lighting in the United States, with 425 million sold each year. The Energy Department says that if all those lamps were LED equivalents, enough power would be saved to light 17.4 million American households and cut carbon emissions by 5.6 million metric tons annually.
I’ve blogged about Philips and the amazing stuff they’ve been doing in the flighting department before. It’s great to see they are keeping their innovation stream flowing. Honestly I am counting on corporations like them to make sure our futures are cleaner, safer and more prosperous for more people.
Clearly US$10 million, while hardly chump change to a smaller business or solo inventor, is not the motivator for a company like Philips. Indeed by all accounts their LED bulbs were well into design and development before the l Prize was ever announced. Perhaps the competition itself is not ambitious enough. Still competitions like this raise awareness, set a very public finishing line for entrants, and it’s not always the big companies who win these things. They motivate entrepreneurism and that’s a great thing. — DSgeneric viagra levitra and cialis pills? Viagra Purchase can i take viagra
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