 What if we could solve all the world's grand challenges? Like developing clean alternative energy enough to light an entire city and all our dreams Or finding a way to clean up our oceans Plastic could just get rid of itself. What if X prize could change everything? I prize the day I walk with bionic legs instead of wheels or make your doctor as close as your cell phone What if the doctor was your cell phone? What if we could make the impossible possible? We can by unleashing the human spirit by setting a target and incentivizing competition Somewhere in the world someone will have the solution When you're looking for that needle in a haystack the key is to inspire that needle to look for you By creating and managing large-scale competitions to benefit humanity The X Prize Foundation has become the recognized leader in crowd-sourcing innovation to solve the world's grand challenges X prizes operate at the intersection of audacity and achievability They are competitions with clear measurable objectives that focus the world's innovators and entrepreneurs on achieving those goals The efficiency and leverage of the X Prize model was first demonstrated in 2004 by the success of the Ansari X Prize for suborbital spaceflight and the results were spectacular 2.5 million dollars in seed money launched a competition that offered a 10 million dollar purse The 10 million in prize money spurred an investment of over 100 million dollars by the teams and The winning team success led to a private space industry worth over one billion dollars This exponential leverage is what X Prizes are all about In 2009 the Northrop Grumman Lunar Lander X Challenge inspired innovative technology that will enable us to live and work on the moon In 2010 the 10 million dollar Progressive Insurance Automotive X Prize Drove teams to create safe affordable cars that get over 100 miles per gallon energy equivalent In 2011 the Wendy Schmidt Oil Cleanup X Challenge inspired a new generation of innovative technologies to vastly improve oil recovery from the seas and protect our oceans Active prizes include the Google Lunar X Prize a 30 million dollar competition to return to the moon by developing a new generation of affordable robots that will lower the cost of lunar exploration and Stimulate students interest in science and technology the 10 million dollar Archon genomics X Prize Presented by Express scripts is a race to make human genome sequencing accurate fast and affordable Ushering a new era of personalized medicine so we can all live longer healthier lives The Qualcomm Tri-Corder X Prize is a 10 million dollar competition to create a portable wireless device that monitors and diagnoses your health conditions putting health care in the palm of your hand the X Prize Foundation Sparks innovation and inspires the belief that we can create a better future X prizes target market failure and define the challenges not how to solve them The X Prize Foundation making the impossible possible one prize at a time