X Prize Foundation to Launch New Competitions
X Prize Foundation to Launch New Competitions
The X Prize Foundation, which awarded $10 million in 2004 to the maker of the first privately funded, reusable space vehicle, has announced a campaign to raise $50 million to reward innovators in a range of fields, the New York Times reports.
Over the next few years, the Los Angeles-based organization plans to create contests that spur new thinking about poverty, energy consumption, and health care, among other issues. According to the foundation's president, Tom Vander Ark, the foundation will award at least $200 million in ten to fifteen new prize categories by 2012. Since launching the space vehicle competition, the organization has established a $10 million prize to reward the company or organization that can map a hundred human genomes in ten days and is starting a contest to spur the development of an automobile that gets at least one hundred miles per gallon.
According to Vander Ark, the foundation plans to take "action by clearly defining the goal and providing the incentive for progress."
Richtel, Matt.
“Awarder of Space Prize to Add Others.”
New York Times
2/01/07.
Primary Subject: Science/Technology
Location(s): California, Los Angeles
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