XPRIZE is solving the world’s grand challenges through prize competitions

XPRIZE is an innovation engine. A facilitator of exponential change. A catalyst for the benefit of humanity.

We believe in the power of competition. That it’s part of our DNA. Of humanity itself. That tapping into that indomitable spirit of competition brings about breakthroughs and solutions that once seemed unimaginable. Impossible.

We believe that you get what you incentivize. And that without a target, you will miss it every time. Rather than throw money at a problem, we incentivize the solution and challenge the world to solve it.

We believe that challenges must be audacious, but achievable, tied to objective, measurable goals. And understandable by all.

We believe that solutions can come from anyone, anywhere and that some of the greatest minds of our time remain untapped, ready to be engaged by a world that is in desperate need of help. Solutions. Change. And radical breakthroughs for the benefit of humanity.

Call us crazy, but we believe.

Peter's Role: Founder, Executive Chairman, XPRIZE FOUNDATION: The XPRIZE Foundation creates and operates large $10M incentive competitions in Exploration, Life Sciences, Energy/Environment, and Education/Global Development. The first competition, the Ansari XPRIZE was won in October 2004.