S.1371: A bill to establish a program to award innovation prizes to individuals and entities for researching and developing innovative technologies, and for other purposes.

A bill to establish a program to award innovation prizes to individuals and entities for researching and developing innovative technologies, and for other purposes. 5/11/2007--Introduced. Reward Innovation in America Act - Establishes a National Innovation Prizes Board in the Department of Commerce, which shall develop and administer a program of competitions to award innovation prizes to eligible individuals and entities to advance the research, development, and commercial application of innovative technologies. Requires the Secretary of Commerce to submit a plan for implementing such program. Requires that there be two categories of prizes: (1) 21st Century Innovation Prizes, which shall be awarded in multiple competitions in different research areas; and (2) Innovate America Grand Challenge Prizes, which shall be awarded in large, highly complex, and expensive competitions that are held every two to four years and address research objectives well beyond the current [...]

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