We asked the public to propose an Energy & Environment X PRIZE... Where would a $10 million prize drive meaningful breakthroughs? We called this YouTube competition, "What's Your Crazy Green Idea?"
This competition, sponsored by Prize Capital, generated 133 video submissions. Our team of judges narrowed the field to three finalists and now we're asking the public to vote on the best idea (Vote here. The person whose video receives the most votes will win $25,000!
For those of you who don't know, an X PRIZE is a $10 million competition designed to solve one of the grand challenges of our time. The X PRIZE Foundation has three active prizes: the Archon X PRIZE for Genomics, the Google Lunar X PRIZE, and the Progressive Insurance Automotive X PRIZE. We are currently exploring more prizes in the areas of Exploration, Global Development & Education, Life Sciences, and, of course, Energy and the Environment.
We currently have one active prize in Energy and Environment: the $10 million Progressive Automotive X PRIZE. The goal of this prize is to create a commercially viable vehicle that gets 100mpg or the energy equivalent. We've had more than 125 teams express interest in entering the competition, which will culminate in a series of races around the country in late 2009 and early 2010. Earlier this week, we announced the first 20 fully registered teams. You can see the innovative companies that think they can meet this challenge on the Progressive Automotive X PRIZE website.
As we did with the Progressive Automotive X PRIZE, we usually begin the process of creating a new X PRIZE by gathering industry experts from around the globe to give us their opinions. But we recognize that the world's Energy and Environment problems are very much on the forefront of everyone's mind. Everyone has an idea of the problems that need to be fixed, and ways to fix them. So we wanted to ask the general public where they think we should be focusing our efforts. And as an organization based on competition, what better way than a contest to solicit ideas?
I'd like to personally thank each and every one of the people who submitted ideas to this competition. And of course, my friend Lee Stein and the people at Prize Capital who provided the $25,000 for the contest purse, without which this wouldn't have happened.
Our overall goal was to start a conversation with the public about the challenges we're facing in Energy and the Environment. After all, our prizes are ultimately designed to benefit all of mankind, so mankind should have a say in our prizes.
So those of you who weren't able to make a video, here's your chance to have your voice heard. Go vote for the best Crazy Green Idea and Join the X PRIZE Revolution!