Posts tagged with: x-prize

Blog author: jballor
Monday, September 11, 2006
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In a recent issue of Business 2.0 magazine, we are told that X Prize founder Peter Diamandis is expanding his X Prize Foundation to address new areas of innovation. The first Ansari X Prize included a $10 million purse for the first private spaceflight. The X Prize Foundation website notes that the group is “actively researching the feasibility of new prizes in space, energy, genomics, education, nanotechnology, and prizes in the social arena,” but Business 2.0 gives us some more particulars on three new X Prizes:

  • First, the X Prize Cup, awarded for the most innovative amateur rockets. Diamandis’ interest in rockets extends to his involvement with the advent of the newly-formed Rocket Racing League. Information about additional X Prizes appears in a box inset within this story, “Move over, Nascar — here comes rocket racing.”

  • Another X Prize of $10 million will be awarded for the invention of a “sequencer that maps an individual’s DNA in a matter of hours for less than $10,000.”
  • And finally, there is the Automotive X Prize, which will include a cash award in excess of $10 million, for the creation of a “mass-market car that ‘significantly exceeds’ 100 mpg.”

Also, be sure to check out the details of the X Prize Foundation’s Lunar Lander Challenge.

Next stop…

Last week, it was reported that NASA’s budget is so thin that it puts “America’s leadership in scientific research is at risk.” (Last year’s NASA budget was around $16 billion, give or take a few hundred million.)

The National Research Council says the space agency is “being asked to accomplish too much with too little.” The group points to the competing demands of building the international space station and returning astronauts to the moon.

So what should a large government agency do when budgets run high and credibility runs low?

NASA is calling on private industry to build next-generation spacecraft that can land on the moon, and it’s got $2 million to back up the bid.

The PowerBlog has often covered the X-Prize folk (here and here) as good examples of the power of private entrepreneurship. Now, these folks’ good old fashioned DIY attitude may provide the answer to returning to the moon.

NASA’s exploration vision calls for putting humans back on the moon in the next decade. The vehicles to land on the moon no longer exist,” X Prize Chairman Peter Diamandis said in a statement. “We believe that entrepreneurial companies can build these lunar spaceships, and a Lunar Lander Challenge can stimulate the required technology in an efficient and rapid fashion.”

For NASA, the $2 million prize money is a small price to pay for the promise of technical innovation from private industry or untapped genius. The contest does not grant NASA intellectual property rights to winners’ inventions, but the space agency asks contestants to be willing to negotiate licensing rights in good faith if it shows interest in a particular technology or design.

I look forward to seeing how well this works (and I suspect it will work quite well). And when it does, I hope someone (perhaps the PowerBlog) will create a pretty cost/result chart comparing the private company that gets us back to the moon and the government agency whose budget is “too thin.”