Using Competition To Drive Results

Competition To Drive Results Interview with Jaison Morgan Carrot is the market leader in the development and management of large-scale and highly technical grantmaking and procurement protocols. As a service business, Carrot works closely with philanthropic, government, and corporate entities to help them improve their search for new talent and technical solutions to some of the leading challenges around the world. Therefore, Carrot offers a unique perspective on what those grantmakers and sponsors are seeking and how that process works. As the field continues to move towards more specific methods for engaging problem-solvers and democratizing procurement, it is important to understand how that can translate into a more open, transparent, and fair experience for those seeking funding. Jaison Morgan has been recognized by the BBC as “the world’s expert” in designing prizes and challenge competitions to drive innovative breakthroughs. He helped establish a lab at the Massachusetts Institute of Technology in 2007 to study how targeted rewards can be used to induce new solutions to engineering obstacles. Today, he manages the day-to-day operations of Carrot as the Founder and CEO. Carrot is the market leader in the design, development, and operation of large-scale incentive programming. Carrot has been responsible for such initiatives as the MacArthur Foundation’s 100&Change, offering a single $100 million grant to the winning team, and the NASA Tech Leap prize, a new portal to open-source the development of mission-critical objectives for satellite technologies. Established in 2010, Carrot has compiled over 40 other case studies on their website, www.carrot.net, which include philanthropic, corporate, and government sponsors around the world. Jaison completed graduate studies at the University of Chicago and is a frequent lecturer on the subject of incentive engineering. He is from Richmond, Virginia, but currently lives in Santa Monica, California, where is happily raising two teenagers. Learn more about your ad choices. Visit megaphone.fm/adchoices