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Washington D.C. - According to the State Science and Technology Institute (SSTI), "Challenge.gov, an online portal that facilitates public-sector prize competitions, is celebrating its fifth anniversary later this year. Numerous federal agencies have used prize competitions to spur innovation around areas ranging from water desalination to lung cancer, according to a White House blog post. Those agencies have found that this incentive-laden approach increases cost-effectiveness, encourages risk-taking, and reaches participants beyond a typical scope."
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