How do you get about radical burst troughs in science and technology that will do well to humanity?
Some people think, the answer is cash and competition. However, the chairman of the X-Prize Foundation, Dr Peter Diamandis, believes that is cash and competition. It is the global leader prize-based competitions which in creating and managing large-scale. The Foundation convey together innovators from around the world to inspire and create radical burst troughs /breakthroughs for the do well of humanity. The competitions give confidence risk-taking; accelerate the pace of change; and burst troughs/break through market and government bottlenecks. They reach across national and disciplinary boundaries to magnetize the intellectual and financial capital required to achieve otherwise incredible results.
His organization offer large cash prizes to the winner who designs and manages grand contests. The Ansari X-Prize, the first one, disputed teams to make spacecraft capable of carrying three people into space two times within two weeks, kick starting the fledgling private space tourism industry that was won in 2004.
Since then the X Prize has broadened its wings to push the boundaries of science in medicine, education and the environment.
Dr Diamandis tells about his vision of the future and what he sees as the opportunities presented by exponentially-growing technology.
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