X PRIZE Foundation

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The X PRIZE Foundation is looking for your prize ideas. Contribute your ideas here, discuss ideas added by others, and vote on the best ideas. X PRIZEs are guided by the following principals:

• We create prizes that result in innovation that makes a lasting impact. Although a technological breakthrough can meet this criterion, so do prizes which inspire teams to use existing technologies, knowledge or systems in more effective ways.

• Prizes are designed to generate popular interest through the prize lifecycle: enrollment, competition, attempts (both successful and unsuccessful) and post- completion.

• Enrollment phase: In this stage, the world is introduced to the players. Prizes ideally encourage a wide range of people to participate from leading thinkers in relevant fields to maverick inventors and entrepreneurs.

• Competition phase: In this stage, the world watches as teams work toward winning the prize.

• Attempts: In this stage, attempts equal events that attract media attention and generate suspense.

• Post-Win: Retrospectively, competitions will be regarded as landmark events that revolutionized an industry or that open up new markets.

• Prizes result in financial leverage. For a prize to be successful, it should generate outside investment from competitors at least 5-10 times the prize purse size. The greater the leverage, the better return on investment for our prize donors and partners.

• Prizes incorporate both elements of technological innovation as well as successful “real world” deployment. An invention which is too costly or too inconvenient to deploy widely will not win a prize.

• Prizes engage multidisciplinary innovators which would otherwise be unlikely to tackle the problems that the prize is designed to address.

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• Ensure our future in space:...

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There is a growing amount of debris accumulating in orbit. Thus far, it has not had a major impact on human or robotic missions into space, but there are grave concerns for the future. At some cluttered altitudes, collisions are producing debris faster than gravity can eliminate it. If the trend is not reversed, one can imagine a time when it could be too risky or too expensive to fly spacecraft through the debris fields. Many billions of dollars of assets are at risk. The planet is surrounded by a growing gauntlet of space junk that will imperil our ability to launch assets to orbit and beyond – - threatening space commerce, exploration and science. The looming problem to be addressed is how to get rid of the debris and objects already up there and proliferating with collisions.

 

1. robert k. weiss supported it on 2009-02-22
2. Adeo Ressi supported it on 2009-02-22
3. TheFunded supported it on 2009-02-24
4. kpowers@reicapital.com supported it on 2009-02-24
5. David A. Nershi supported it on 2009-04-13
 

Offer a $10 MM prize based on the ability to clean 1 sq mile per $100 of the plastic refuse the clogging the Pacific Ocean. This will bring much needed attention to pollution and the oceans, killing two birds with one stone.

 

1. Adeo Ressi supported it on 2009-02-22
2. TheFunded supported it on 2009-02-24
3. kpowers@reicapital.com supported it on 2009-02-24
 

 

1. Matthew Terenzio supported it on 2009-03-17
2. Adeo Ressi supported it on 2009-03-18