Jul 082010
 

Gulf Oil Spill - NASA

Whether it’s reaching orbit, landing on the moon, building more efficient cars or speeding up human genome sequencing, the X PRIZE has become synonymous with driving innovation. Now there’s another scenario that’s crying out for the kind of radical breakthrough theses prizes are designed to achieve – the oil spill crisis in the Gulf of Mexico. The X PRIZE Foundation is planning to answer this call with a new prize aimed at incentivizing privately-funded methods to quickly clean up crude oil from the ocean and coastlines around the spill.

The announcement was made by X PRIZE vice president Francis Beland and senior advisor Dave Gallo at the TEDxOilSpill conference last week. Specifics on the multi- million dollar incentive will be announced in coming weeks.

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