Bowie State awards posthumous degree to slain student

Paul Allen

Prizing success in aerospace innovation

Prizing success in aerospace innovation

The future economic growth and competitiveness of the United States depends on our capacity to innovate. Many ideas have emerged from government, industry and academia regarding how best to inspire and support innovation. But nothing spurs creativity and innovation more than a combination of incentive and challenge: a reward for achievement, combined with the urgency of a dare to succeed and the reality that we must race against others. We are at our best when we compete.

This is why I believe that prizes and competitions are crucial to create a climate of innovation and entrepreneurship, and for driving new advances in targeted areas. At the University of Maryland, I have...