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XPRIZEXPRIZE Los Angeles, CaliforniaPosts: 193 admin
edited July 2020 in General
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  • XPRIZEXPRIZE Los Angeles, CaliforniaPosts: 193 admin
    edited October 2020
    What is XPRIZE?

    XPRIZE is a global future-positive movement of over 1M people and rising. By delivering truly radical breakthroughs for the benefit of humanity, XPRIZE solves some of the world’s greatest challenges.

    We believe that solutions can come from anyone, anywhere. Scientists, engineers, academics, entrepreneurs and other innovators with new ideas from all over the world are invited to form teams and compete to win the prize. Rather than throw money at a problem, we incentivize finding solutions and challenge the world to do it.

    The incentive prize contest has existed for centuries. From the inception of the Longitude prize in 1714, through the Orteig prize that compelled Charles Lindbergh to fly across the Atlantic, prizes have ignited passions and brought about breakthroughs that no one thought possible.

    Our first XPRIZE, the $10 million Ansari XPRIZE for private spaceflight, spurred an industry and created exponential breakthroughs. Since then, we have launched over $140 million in prize purses, including the $15 million Global Learning XPRIZE, the $10 million Qualcomm Tricorder XPRIZE and the $1.4 million Wendy Schmidt Oil Cleanup XPRIZE.

    Each of these has created an industry-changing technology that brings us closer to a better, safer and more sustainable world.
  • XPRIZEXPRIZE Los Angeles, CaliforniaPosts: 193 admin
    edited July 2019
    What is an XPRIZE competition?

    An XPRIZE is a highly leveraged and incentivized prize competition that pushes the limits of what is possible to change the world for the better. 

    An XPRIZE aims to capture the world’s imagination and inspire others to reach for truly transformative goals, thereby spurring innovation and accelerating the pace of positive change. 

    An XPRIZE: 
    • Sets an audacious but achievable goal. 
    • Democratizes innovation.
    • Catalyzes markets by targeting failures.
    • Defines the problem but not the solution.
    • Is telegenic and easy to convey.
    • Is highly leverageable and drives investment.
    • Has clear objectives and simple rules.
    • Provides vision and hope.
  • XPRIZEXPRIZE Los Angeles, CaliforniaPosts: 193 admin
    What is a Prize Design?

    Prize Designs are a process through which ideas are transformed into XPRIZE competitions.

    Designing an XPRIZE competition is both a creative and an analytical process that identifies technological, behavioral, and policy factors to a particular problem, and creates rules and regulations to spur innovation through an incentivized prize model. This process relies on open collaboration from innovators, industry leaders, academia, government, non-governmental organizations and the general public to ensure the design of the best competition possible.
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