> Why innovation prizes fail? Because past performance isn't indicative of future results. That's largely true but not very relevant because most innovation pr

> Why innovation prizes fail? Because past performance isn't indicative of future results. That's largely true but not very relevant because most innovation prizes are independent of past performance. Your criticism might be applicable to one of the solutions the author proposes (essentially grants to people pursuing ideas, which presumably would be based on past performance) but not to innovation prizes as such.