Global Leaders Compete to Create the Next X PRIZE

X PRIZE Foundation Convenes Global Thought Leaders to Discover, Debate and Brainstorm Solutions to Humanity’s “Grand Challenges”

Los Angeles, CA (April 23, 2012) — The X PRIZE Foundation, the leader in solving the world's Grand Challenges through large-scale, global incentivized competitions, hosted more than 100 influential CEOS, philanthropists, scientists, scholars and government leaders at its annual “Visioneering” on April 21 and 22. These “Visioneers” convened with one audacious goal in mind: to design prize competitions that will bring about radical breakthroughs for the benefit of humanity.

Teams compete with one another to design and pitch innovative incentive prize concepts, in Education, Global Development, Energy & Environment, Exploration and Life Sciences, with the hope that theirs will become the next X PRIZE launched. Prizes are interdisciplinary incentivized competitions that motivate individuals, companies, and teams to pioneer innovation that pushes the limit of what’s currently possible to overcome today’s most challenging global issues.

“While there are a number of significant issues facing humanity, this weekend focused on bringing together leaders from public and private sectors to define, discuss and prioritize these challenges,” said Peter H. Diamandis, Chairman and CEO of the X PRIZE Foundation. “We moved beyond conventional thinking and harnessed the collective visions of these great thought leaders to develop a strategic, realistic roadmap that will address the most immediate issues that hinder global progress.”

The most recent Visioneering prize concept to be fully realized was the $10 million Qualcomm Tricorder X PRIZE, an idea discussed at the event two years ago. In this competition, named for the Tricorder of Star Trek® fame, teams will leverage technologies including artificial intelligence and wireless sensing to make medical diagnoses independent of a physician or healthcare provider.

“The Visioneering process can drive real change. We witnessed first-hand how a concept to best detect and prevent disease from Visioneering several years ago transformed into the $10 million Qualcomm Tricorder X PRIZE this year,” said Dr. Paul Jacobs, Chairman and CEO of Qualcomm Incorporated and Chair of the Qualcomm Foundation. “We are proud to support the X PRIZE, which is a powerful vehicle for senior business executives, government leaders and philanthropists who want to address global issues.”

®TRICORDER is a trademark of CBS Studios, Inc. Used under license.

About XPRIZE

Founded in 1995, XPRIZE, a 501(c)(3) nonprofit, is the leading organization solving the world’s Grand Challenges by creating and managing large-scale, high-profile, incentivized prize competitions that stimulate investment in research and development worth far more than the prize itself. The organization motivates and inspires brilliant innovators from all disciplines to leverage their intellectual and financial capital for the benefit of humanity. XPRIZE conducts competitions in five Prize Groups: Learning; Exploration; Energy & Environment; Global Development; and Life Sciences. Active prizes include the $30 million Google Lunar XPRIZE, the $10 million Qualcomm Tricorder XPRIZE, and the $2.25 million Nokia Sensing XCHALLENGE. For more information, go to www.xprize.org, “like” us at www.facebook.com/xprize and follow us on twitter @xprize.

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