X Prize Foundation

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X Prize Foundation,

private, nonprofit prize institute est. 1995 by commercial space entrepreneur Peter Diamandis. Based in Santa Monica, Calif., and funded by foundations and private individuals and through fund-raising activities, the foundation issues extreme technological challenges accompanied by multimillion dollar cash awards in an attempt to achieve "radical breakthroughs for the benefit of humanity." The foundation's initial award, the Ansari X Prize, announced in 1996, offered $10 million to anyone who, within the span of two weeks, could twice launch and return a piloted vehicle with two persons aboard 62.5 mi (100 km) into suborbital space. It was won in 2004 by Burt RutanRutan, Burt
(Elbert Leander Rutan) , 1943–, American aerospace engineer, b. Portland, Oreg., grad. California Polytechnic Univ. (B.S. 1965). From 1965 to 1972 Rutan worked for the U.S.
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 and his SpaceShipOne.

Other X Prizes have been announced by the foundation but not yet won. The Archon X Prize for Genomics, announced in 2004, promises $10 million to those researchers who develop a technology that within 10 days successfully sequences 100 human genomes at a cost of less than a $10,000 for each genome. The Automotive X Prize, announced in 2007, which offers a multimillion-dollar award to the developer of an affordable, production-ready automobile that will get 100 miles per gallon (c.42 km/litre). The foundation also sponsors the annual X Prize Cup, a cooperative project with the state of New Mexico that is intended to promote innovation in rocket design and spur the development of the commercial space industry.

The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/
References in periodicals archive ?
He is Founder and Chairman of WetDATA.org and was a 2016 X-PRIZE Bold Visioneer for the Safe Drinking Water Team.
Formerly called Part-Time Scientists, the team was also a participant in the (http://www.ibtimes.com/google-lunar-xprize-20-million-moonshot-award-almost-certainly-has-no-winner-2644033) Google Lunar X-Prize competition (which ended without a winner after multiple extensions of its deadline), which means it has been working toward that end for years now.
Seriously, though, boffins at Vorsprung durch Technik are working on a solar-powered Moon exploration buggy developed to compete in the prestigious Google Lunar X-Prize space race.
Jack recently ran for NYC mayor, he's supported the Automotive X-Prize, and back in 2008, co-created the Cash for Clunkers program, which offered $3-billion in incentives to consumers to buy more-efficient cars.
The series is credited for inspiring the invention of an early home computer, flip phones (whose design was based on Star Trek's ubiquitous communicators), and tablet computers; an X-prize competition is under way to replicate the functionality of the tricorders the crew of the USS Enterprise carried everywhere they went.
He cites, Burt Ratan, of the Tier One Project, winner of the X-Prize Competition as inspiration.
"The technologies imagined by the Tricorder X-Prize are either available now or on the cusp of availability," said Robert Kaul, CEO of Biosign, a Canadian company that builds medical devices.
Another winner, David Auerbach from Cardigan Mountain School in Canaan, NH, put on the "C-Prize" project, a takeoff on the X-Prize. To team about speed, velocity and acceleration, students constructed and tested rocket prototypes.
Paving the way has been X-Prize Foundation's Pete Diamandis and the success of the Ansari X-Prize.
So predicts Dr Peter Diamandis, co-founder of Singularity University and founder of the X-Prize. And he has quite clear opinions and views on what the world will be like in 2050.
In a plenary session at the Government Summit in Dubai, Dr Peter Diamandis, co-founder of Singularity University and founder of the X-Prize, shared his insights on how bright the future looks and what are the trends that will shape the world, as we know it in 2050.