X Prize

The X Prize is a competitive, incentivized challenge designed to motivate teams to develop innovative solutions to significant global problems. It offers a monetary prize to the first team that achieves specific, ambitious goals within set parameters. This approach encourages collaboration, creativity, and breakthroughs in fields like space exploration, renewable energy, health, and technology. The goal is to accelerate progress by rewarding innovation, ultimately benefiting society and advancing scientific and technological frontiers.