05 April 2007

X Prize

Tired of waiting for the changes you want to see in the world? Got a breakthrough approach that blows away the incremental ideas that are out there? Want $10M for it?

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From the site...

What is an X PRIZE?
An X PRIZE is a multi-million dollar award given to the first team to achieve a specific goal, set by the X PRIZE Foundation, which has the potential to benefit humanity. Rather than awarding money to honor past achievements or directly funding research, an X PRIZE incites innovation by tapping into our competitive and entrepreneurial spirits.
The X PRIZE Foundation began a revolution in private spaceflight with the $10 million Ansari X PRIZE. On October 4, 2004, the Mojave Aerospace Ventures team, led by famed aircraft designer Burt Rutan and financed by Microsoft co-founder Paul Allen, captured the Ansari X PRIZE. The world took notice of this great achievement and the winning SpaceShipOne is now hanging in the Smithsonian National Air & Space Museum.
The Ansari X PRIZE was modeled after the $25,000 Orteig Prize, offered in 1919 by wealthy hotelier Raymond Orteig, to the first pilot who could fly non-stop between New York and Paris. The prize was finally won in 1927 by an unknown airmail pilot named Charles Lindbergh. Lindbergh won the hearts of a nation, and his world-changing achievement spawned a $300 billion aviation industry.
X PRIZE competitions capture the imagination of the public and speed radical breakthroughs that can ultimately change the way we see ourselves and how we live on this planet. Stay tuned as the X PRIZE Foundation unveils new X PRIZEs to spark revolutions in the space, medicine, energy, automotive, education, environmental, and social arenas.

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