Can X prizes spur innovation?

That is the question asked by BusinessWeek in a recent article. The idea of the X prize contests is quite interesting and it has also showed some value as it played a key role in developing private space travelling. But can it become an important element in open innovation efforts?

Not likely, but check it out for yourself in this article: http://www.businessweek.com/magazine/content/08_48/b4110054165858.htm?campaign_id=rss_topEmailedStories