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 oversees the day-to-day operations of Carrot as the Founder and CEO. Established in 2010, Carrot is the market leader in the design, development, and management of next-generation procurement through prizes and challenges, crowdsourcing contests, and RFPs or public-sector contracting processes. Over 60 case studies represent the success of Carrot and embody Jaison's commitment to ensuring more open, transparent, and fair programming. Jaison completed graduate studies at the University of Chicago and is a frequent lecturer on the history of prizes and the use of incentive engineering.