The X PRIZE Foundation is an educational nonprofit organization whose mission is to create radical breakthroughs for the benefit of humanity thereby inspiring the formation of new industries, jobs and the revitalization of markets that are currently stuck. Today, it is widely recognized as the leader in fostering innovation through competition.

The X PRIZE Foundation believes that incentivized competitions can address the world’s grand challenges. Our prize model leverages philanthropy, making it more efficient, and stimulates research and development investments worth far more than the prize purse itself. Because of this, the Foundation has developed into a world-class organization focused on designing, building and operating high profile competitions to address and solve humanity’s grand challenges.

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