Sunday, August 1, 2010

X Prize Foundation Launches $1.4 Million Oil Cleanup Competition

The X Prize Foundation, the California-based non-profit that previously held competitions seeking innovative ideas in the areas of private spaceflight and ultra-fuel efficient vehicles, on Thursday in DC announced its latest effort -- a $1.4 million competition focused on oil cleanup in the Gulf. The Wendy Schmidt Oil Cleanup X Challenge aims to inspire entrepreneurs, engineers, and scientists to develop groundbreaking new ways to capture crude oil from the ocean surface. Teams will be able to register for the competition through April, with an expert panel of judges evaluating proposals based on factors such as technical approach and commercialization plan, environmental impact, ability to deploy the technology and the improvement of the technology over today's baseline booms and skimmers.

http://www.iprizecleanoceans.org
http://www.xprize.org/media-center/press-release/x-prize-foundation-announces-wendy-schmidt-oil-cleanup-x-challenge

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