Officials with the U.S.-based X Prize Foundation will unveil plans for the largest international cash contest to date on the 13th September 2007, only a week away. The new competition however is shrouded in secrecy.
The specifics on the new cash prize, which is promised to be in the “tens of millions of dollars” and bankrolled by “a very exciting and well-known Fortune 500 company,” will be revealed Sept. 13 at the WIRED NextFest technology fair in Los Angeles, Calif., the foundation announced Monday.
“The actual announcement and details on what the prize is and its sponsorship will be released on that day,” X Prize Foundation spokesperson Sarah Evans told SPACE.com. “We’re very excited and we’ll share it with the world on Sept. 13.”
An X PRIZE is a multi-million dollar award given to the first team to achieve a specific goal, set by the X PRIZE Foundation, which has the potential to benefit humanity. Rather than awarding money to honor past achievements or directly funding research, an X PRIZE incites innovation by tapping into our competitive and entrepreneurial spirits.
The original Ansari X-Prize contest was help in 2004 when Burt Rutan and Mojave Aerospace Ventures won the prize with SpaceshipOne. A fete completed by reaching a set altitude twice within two weeks. The Wirefly X PRIZE CUP ‘07 is on October 26-28, 2007 at Holloman Air Force Base, New Mexico. It is described as “A celebration of forward-looking technology, space exploration and education.”
Although there is a lot of secrecy around the new prize there is a YouTube Teaser Video released. To watch the trailer please visit:
http://www.youtube.com/watch?v=xOMnimlNUSE
Learn more about the X-Prize at www.xprize.org
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