New X Prize Sets Sights on Science, Technology and Social Solutions

Posted on: Oct. 8th, 2004 || Source: space.com | E-mail Article | Print Article

The X Prize Foundation and the World Technology Network announced today the formation of a joint venture to launch a series of technology incentive prizes to help spur innovation and breakthroughs in a range of scientific arenas.

The creation of new X Prize awards follows the success of the twin SpaceShipOne flights that snagged the $10 million Ansari X Prize purse. However, these are focused on other arenas, such as medicine, environment, energy, nanotechnology, and informatics.

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