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XPRIZE Launches Spinoff to Fix More of Humanity’s Problems – Wired

The XPRIZE Foundation is in the business of big bets.

The non-profit organization, which runs multimillion-dollar prize competitions to address some of the world’s biggest challenges, has spurred the development of truly transformative technologies, like SpaceShipOne, which completed the first private manned spaceflight in 2004.

But for as revolutionary as XPRIZE winners have been, they’re also incredibly rare. Since it was founded by futurist Peter Diamandis in 1995, XPRIZE has only completed four competitions. Five are still ongoing, and all of them tackle mind-boggling challenges, like landing a robot on the moon or building sensors that can explore the untouched depths of the world’s oceans. That’s left no room for the smaller scale—but no less serious— problems in this world that could benefit from this model.

Read More: http://www.wired.com/2015/03/herox/

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