x prize

The x-prize foundation was created to progress technology for the good of humanity. They pose challenges to the private sector with large cash prizes. The challenge I posted here is to make a super efficient car that could solve our energy crisis. You might remember one of their challenges where they offered a $10 million prize to the first team that could create a plane that could carry three people into space. The competition was completed by only one team and they were awarded the money. I think that this organization is amazing. This is a great way to motivate innovation.