The X PRIZE Foundation is a non-profit organization that designs and manages public competitions intended to encourage technological development that could benefit mankind.
The X PRIZE Foundation mission is to bring about “radical breakthroughs for the benefit of humanity” through incentivized competition. It fosters high-profile competitions that motivate individuals, companies and organizations across all disciplines to develop innovative ideas and technologies that help solve the grand challenges that restrict humanity’s progress.
The most high-profile X PRIZE to date was the Ansari X PRIZE relating to spacecraft development awarded in 2004. This prize was intended to inspire research and development into technology for space exploration.
Read more about X Prize Foundation: Background, X PRIZES, Prizes and Events Overseen, Future X PRIZES
Famous quotes containing the words prize and/or foundation:
“What we have we prize not to the worth
Whiles we enjoy it, but being lacked and lost,
Why, then we rack the value, then we find
The virtue that possession would not show us
Whiles it was ours.”
—William Shakespeare (1564–1616)
“Simplicity of life, even the barest, is not a misery, but the very foundation of refinement; a sanded floor and whitewashed walls and the green trees, and flowery meads, and living waters outside; or a grimy palace amid the same with a regiment of housemaids always working to smear the dirt together so that it may be unnoticed; which, think you, is the most refined, the most fit for a gentleman of those two dwellings?”
—William Morris (1834–1896)