Who We Are
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. The X PRIZE Foundation is a US-based (501c3) nonprofit organization led by CEO and Founder
Dr. Peter H. Diamandis and President
Robert K. Weiss, and is governed by a group of visionary leaders including our Board of Trustees and Vision Circle, as well as our corporate partners and sponsors
Prof.Dr.Dibendu Nag
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Donor Spotlight
“I am sponsoring the Wendy Schmidt Oil Spill Cleanup X PRIZE Challenge to provide a public incentive for research and development into breakthrough technologies that can significantly improve our response to future oil spills in our precious ocean water resources.”
THE X_PRIZE FOUNDATIONS