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The big news came right before the lunch break. Francis Beland, a VP at the XPrize Foundation, announced that the group would be offering a $10 million XPrize for smart ideas on how to handle the oil spill.
An X PRIZE is a $10 million+ award given to the first team to achieve a specific goal, set by the X PRIZE Foundation, which has the potential to benefit humanity. Rather than awarding money to honor past achievements or directly funding research, an X PRIZE incites innovation by tapping into our competitive and entrepreneurial spirits.
Official Statement Regarding Oil Spill Clean-up
The X PRIZE Foundation is considering, but has not yet developed, a multi-million dollar competition to help alleviate the effects of the BP oil spill in the Gulf of Mexico. We are currently consulting with experts and advisors on the viability of this potential competition to incentivize the development of rapidly-deployable methods for the clean-up of crude oil along our coastlines and within our oceans. While the launch of such a competition is not guaranteed, we will announce further details on the development of this competition as they are available. Thank you for your encouragement and support.”
Originally posted by CanadianDream420
I would have to flat out ask for the 10,000,000$ in advance so I could build a time machine, because on this world line it appears this thing will be out of control for a few more months yet until the relief wells are drilled but honestly I can't see it coming to a complete halt. See: Nigera