New Profile of the Day: X PRIZE Foundation
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The X PRIZE Foundation is an educational (501c3) nonprofit organization whose mission is to bring about radical breakthroughs for the benefit of humanity, thereby inspiring the formation of new industries and the revitalization of markets that are currently stuck due to existing failures or a commonly held belief that a solution is not possible. The Foundation addresses the world’s Grand Challenges by creating and managing large-scale, high-profile, incentivized prize competitions that stimulate investment in research and development worth far more than the prize itself. It motivates and inspires brilliant innovators from all disciplines to leverage their intellectual and financial capital.
The X PRIZE Foundation conducts competitions in four Prize Groups: Education & Global Development; Energy & Environment; Life Sciences; and Exploration (Ocean & Deep Space). Each competition is a partnership with another corporation or organization to achieve a specific goal. For example, Google partnered with X PRIZE to create the Google Lunar X Prize, which challenges groups to send a robot to the moon to collect samples. To learn more, visit the X-Prize Foundation on STEMconnector today!