The X prize foundation, the organization behind the prize, today launched a new prize for the Automobile industry. The prize aims to award the first successful car that achieves super fuel efficiency compared to todays typical production models, with the aim of breaking our dependence on oil with the aim of reducing environmental impact and global warming. The winners will receive a multimillion dollar cash prize. The winning car will have a fuel economy of at least 100 MPG (or equivalent), and must be viable for production of a run of at least 10,000 units.
The actual set of requirements to win the prize are posted here
The requirements have gone through many revisions and have been drawn up by industry professionals, but the final criteria is open for discussion and comments from the general public - so if you have anything to add you can do so via the Auto X Prize site.
Visit the X prize foundation site for more info.
What Makes This Trend Stand Out
- Super Fuel Efficiency
- Opportunity for companies to disrupt the automobile industry by developing cars that achieve super fuel efficiency.
- Reducing Environmental Impact
- Disruptive innovation opportunity for companies to create products that reduce environmental impact and combat global warming.
- Open Innovation
- Disruptive opportunity for companies to collaborate with industry professionals and the general public to develop innovative solutions to complex problems.
Sectors Adopting This
- Automobile Industry
- Opportunity for companies to achieve super fuel efficiency and reduce environmental impact by developing innovative cars.
- Green Technology Industry
- Disruptive innovation opportunity for companies creating green technology to develop solutions that reduce environmental impact and combat global warming.
- Collaborative Innovation Industry
- Opportunity for companies to leverage open innovation and collaborate with industry professionals and the general public to develop innovative solutions.
