X PRIZE Foundation is Non for Profit organization, that mainly focuses on Public Competitions to encourage technological development that could benefit mankind. X PRIZE Foundation was founded in 1996 located in California, USA. Indian Ratan Tata is one of the trustees of the Organization.
So basically XPRIZE Foundation has run numerous competitions over the years to help push the boundaries of what’s possible with technology. and of course, The winner of the competition gets a huge Amount. Such competitions are all over the world to Make the Impossible Possible.
X PRIZE Foundation
XPRIZE Foundation sets very audacious but achievable goals, they leverage them millions or 10 million $ Prizes who first achieve that goal win the XPRIZE without seeing who is a person, where he/she completed school, which country belongs, etc.
X Prize Foundation announced the number of X Prize competitions focused on the area of Energy. Environment, Exploration, Global Development, Learning and Life Sciences. The Objective of such a foundation is to motivate individuals, companies, and organizations across all disciplines to develop innovative ideas and technologies that help solve the grand challenges that restrict humanity’s progress.
One of the Famous competitions offered by XPRIZE is Ansari X PRIZE, a $10m Competition to usher in a new era of private Space Travel.
The XPRIZE set up in India is because of the global expansion of the XPRIZE Foundation, India is a unique developing country, we’re confident to see what India creates and take that model to another country.
“XPRIZE helps to make a new India, it really could change things for a nation for a billion people,” said Ratan Tata, former chairman of Tata Group
“XPRIZE in India could transform the whole aspect of India for the better, so tremendous X prize going there,” said SIR Richard Branson, founder of Virgin Group.
“This is the right time for XPRIZE to come in and to ignite entrepreneurship across India to solve its grand challenges” Zenia Tata, A program Director of XPRIZE Global Development
Following is the XPRIZE Contest which launched with specific challenges which India currently faces if it is solved it also help the world.
Water Abundance XPRIZE
Prize Money: $1.75 Mn
Power by: Tata Group and Australian Aid
Objective: Extract clean water from Air
What to do: Create a device, that can extract 2000/ day from the atmosphere, using only renewable energy, with price prosperity
XPRIZE For Women Safety
Prize Money: $1 mn
Sponsor by: Anu Jain & Naveen Jain
Objective: Develop a tech-enabled solution for woman’s safety
What to do: creating a solution that ensures women’s safety, will autonomously and inconspicuously trigger an emergency alert while transmitting information to a network of community responders, all within 90 seconds, and also cost no more than US $40 to help ensure it is affordable.