Founded | 1994[1] |
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Founder | Peter Diamandis |
Focus | Public competitions |
Location | |
Method | Revolution through competition |
Key people |
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Website | www |
XPRIZE Foundation is a non-profit organization that designs and hosts public competitions intended to encourage technological development. The XPRIZE mission is to bring about "radical breakthroughs for the benefit of humanity" through incentivized competition. It aims to motivate individuals, companies, and organizations to develop ideas and technologies.
The Ansari X Prize relating to spacecraft development was awarded in 2004, intended to inspire research and development into technology for space exploration.