Build a Better Bulb for a $10 Million Prize

[snopes]

The ubiquitous but highly inefficient 60-watt light bulb badly needs a makeover. And it could be worth millions in government prize money — and more in government contracts — to the first company that figures out how to do it.

Right now, that company could be Philips, the Dutch electronics giant.

http://www.nytimes.com/2009/09/25/te...gy/25bulb.html