The use of prizes to drive social change continues to grow in popularity. It also continues to evolve. In more and more cases, prize competitions provide recipients with resources to pursue their work even before they complete a proposed project. Under the right circumstances, argues author, Renya Reed Wasson, this model is superior both to other prize models and to traditional grantmaking.
Recently, the Stanford Social Innovation Review posted a blog article written by Kevin Starr. The piece, "Dump the Prizes," infers "contests, challenges, awards—they do more harm than good. Let’s get rid of them."