Build a Better Bulb for a $10 Million Prize

Its kind of mind, boggling that no one has invented something better before this prize. When we can make new phone and mp3 players everyday. Why can't some essential items, get that kind of innovation. Someone should set up a company that innovates on existing products that have not been changed for more than 20 years. They could make quite a lot of money.

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.

Build a Better Bulb for a $10 Million Prize - NYTimes.com