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There’s an interesting introductory article (albeit a little light on substance) in the NYTimes today on these multimillion dollar prizes that seem to be proliferating these days, incentivising philanthropic (usually tech-focused) progress. Recent examples include the Ansari X
... Continue reading »
1 year ago
X PRIZE is broadening its funding base, increasingly utilizing an 'open prize development' strategy, and will launch an online inducement prize capability in 2008.
We'll continue to target categories that are 'stuck,' where there's insufficient capital addressing global problems. With great care, we define difficult but achievable goals likely to create or reshape markets for public benefit. Read more: http://www.xprize.org/blogs/tom-vander-ark/why-...
Tom Vander Ark, President
X PRIZE Foundation