Board and Patron News
A commercial rocket company has announced plans to go where no other has gone before. Elon Musk, founder and CEO of Space X, said Tuesday that his company is building a rocket big enough to carry more cargo than any space vehicle ever built except the Saturn V moon rocket. Musk made the announcement during a news conference at the National Press Club in Washington.
Wendy Schmidt and the X PRIZE foundation are sponsoring a $1.4M oil cleanup challenge for entrepreneurs.
Larry Page has never been afraid to think big. When I was his graduate adviser at Stanford, he and his friend Sergey Brin had the brash idea of giving everyone an instantaneous way to find anything on the Web. I was skeptical, but when their student project became one of the world's most powerful companies, the vision proved not to be so crazy after all.
When the narrowest of gaps opened in the media business, Arianna Huffington jumped into it headfirst and jacked it wide open. In 2005, with little more than her impregnable charm, thicket of friends and contacts and outsize chutzpah, she launched the golden goose of news websites (or of any business) — popular, adroit, cheap as chips to run and named after her.
The Deepwater Horizon explosion and spill made it very clear that while we have an amazing ability to get oil into the ocean, we have a much harder time getting it out. So X Prize launched the $1.4 million Wendy Schmidt Oil Cleanup X Challenge (a challenge is a truncated version of a normal X Prize) to inspire engineers to get oil out of seawater quickly and easily. The 10 finalists were announced today.
As the final launch of the Space Shuttle approaches this summer, the National Aeronautics and Space Administration is preparing to bet the future of its human spaceflight program on non-traditional and largely unproven launch providers.
If there was one thing that last year's Gulf of Mexico oil spill showed us, it was that there were no particularly good systems in place for containing and removing such spills while the oil is still out at sea. One year later, although many companies and individuals have come forward with their concepts for such systems, little has actually been developed to the point of being ready for deployment. In order to generate some incentive, and provide financial support to the cream of the crop, the X PRIZE Foundation is now in the midst of its US$1.4 million Wendy Schmidt Oil Cleanup X CHALLENGE. Although the competition has been under way since January, the ten finalist teams were announced just last week.
The judging panel of The Wendy Schmidt Oil Cleanup X CHALLENGE has selected Lamor Corporation to continue to the next phase as one of the top ten finalist teams. The competition is designed to inspire entrepreneurs, engineers, and scientists worldwide to develop innovative, rapidly deployable, and highly efficient methods of capturing crude oil from the ocean surface. The Wendy Schmidt Oil Cleanup X CHALLENGE was launched in July 2010 in the wake of the Deepwater Horizon Oil Spill in the Gulf of Mexico.