A better way to promote innovation might be through cultivating a spirit of entrepreneurship in young people, supporting startup accelerators, and handing out grants to promising candidates like the one in the article.
A better way to promote innovation might be through cultivating a spirit of entrepreneurship in young people, supporting startup accelerators, and handing out grants to promising candidates like the one in the article.
I thought it was an interesting story as I heard it repeated among the students at the tournament. Many of the teams have sponsors who donate $1000s so the schools/clubs can buy parts, etc. They are trying to encourage interest in STEM. But if the story is true, one company could spend $1000000 and inspire 1000s of students, generating lottery psychology. Of course, one person could just make up such a story for $0 and achieve the same thing. But it amuses me to think of some altruistic billionaire having a little fun and doing such a thing.
Taxing large corporations seems like it would be an excellent way in which to fund such grants.