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 ?
Previously, Suzuki was also a Corporate Partner of HAKUTO, the team managed by ispace during the Google Lunar XPRIZE competition, which called for privately funded teams to be the first to land a robotic spacecraft on the Moon, travel 500 meters, and transmit visual data back to Earth.
The nonprofit XPRIZE Foundation, which dangles research prizes to attract help solving a range of scientific challenges, said its $10 million 2004 award for private space exploration got 26 teams to produce more than $100 million worth of research.
This competition, known as the Shell Ocean Discovery XPRIZE, was sponsored by the US National Oceanic and Atmospheric Administration (NOAA) as well as the Shell company.
The path to a transformative but also a safe, trusted and inclusive AI will require unprecedented collaboration between government, industry, academia and civil society." Organized by the International Telecommunication Union (IT U) - the United Nations specialized agency for information and communication technology (ICT) - in partnership with the XPRIZE Foundation, the Association for Computing Machinery (ACM) and 37 sister United Nations agencies, the AI for Good series is the leading United Nations platform for inclusive dialogue on AI.
The XPrize for Global Learning was set up to empower children to take control of their learning.
The ship was built by Sea-Kit International, which develops vessels for the maritime and research industries, for the Shell Ocean Discovery XPRIZE, a competition to autonomously survey the sea bed.
Following Beresheet's crash landing, the XPRIZE Foundation announced that it is still going to award the SpaceIL team the $1 Million Moonshot Award.
Shay Hershkovitz is the director of research at the XPRIZE Foundation.
He also has a forthcoming book on the secrets to optimal health co-written with Bob Hariri, a surgeon and health entrepreneur, and Peter Diamandis, a physician and the executive chairman of the XPRIZE Foundation.
The Beresheet mission originally was part of the Google Lunar XPrize competition and even made the final cut before the contest ended last year without a winner.
At the event, he shared details of the most exciting developments within Xprize, the incentive competition entity he founded in 1995.