The X Prize Foundation turn their focus to the Oceans | JPI OCEANS

The X Prize Foundation turn their focus to the Oceans

2013.11.04

The X Prize Foundation turn their focus to the Oceans

X Prize announced their intent to launch their largest commitment to date; three additional ocean competitions by 2020

The X Prize Foundation operates on the belief that true innovation is about risk taking. The foundation attempts to incentivize true innovation through running engineering competitions prizes, two already exist in the oceans category with one $1.4 million prize for oil spill cleanup technology and an ongoing $2 million competition for ocean pH sensors. The announcement that they will add another three competitions to the oceans category makes it their biggest investment in any one category to date.

The announcement comes following the founders’ – Peter Diamandis – recognition that the size of the oceans makes them a “dead zone” for innovation, and this investment shows a desire to change that. The challenges that the three competitions are to address will be decided through crowdsourcing.

Such an investment represents the growing recognition of the opportunities and challenges that our seas and oceans have to offer, for more details and to keep up to date with the X Prize competitions, visit their website.
 

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