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X PRIZE Foundation to Announce Largest Ever International Prize

9/11/07 – The XPRIZE Foundation, based in Santa Monica, will announce a new innovation competition this week that it says will include the largest international prize ever offered.  The Foundation is probably best known for its $10 million Ansari X PRIZE which resulted in the world’s first private vehicle to fly into space twice within two weeks.  XPRIZE creates and manages prizes focused on using technology to solve challenges in areas like space, travel and genomics.

The announcement, scheduled to happen on Thursday at the WIRED NextFest at the L.A. Convention Center, will be made by the new prize’s sponsor, a well-known Fortune 500 company, according to XPRIZE.

More to come about this later in the week.

XPRIZE – www.xprize.org

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