The Lemelson-MIT Awards for Invention and Innovation include the $500,0000 Lemelson-MIT Prize, which is the world’s largest single cash prize for invention. Past winners include:
- Nick Holonyak, who invented the first practical LED
- Leroy Hood for his DNA Sequencer
- Dean Kamen for the iBOT 3000 Mobility System
If you’re thinking of thinking about an invention, here’s where its best to do your thinking:
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I would think the world’s largest cash prize for an invention would be larger than 500k. Nobel Prize winners win well over a million dollars.
We need to encourage our inventors however we can.