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"About the X PRIZE Foundation
The X PRIZE Foundation developed the Qualcomm Tricorder X PRIZE to spur radical innovation in personal health care technology. The competition is designed to address the inefficient, expensive, and inertia-bound healthcare system in the United States and elsewhere.
The X PRIZE Foundation is an educational (501c3) nonprofit organization whose mission is to bring about radical breakthroughs for the benefit of humanity, thereby inspiring the formation of new industries and the revitalization of markets that are currently stuck due to existing failures or a commonly-held belief that a solution is not possible. The Foundation addresses the world's Grand Challenges by creating and managing large-scale, high-profile, incentivized prize competitions that stimulate investment in research and development worth far more than the prize itself. It motivates and inspires brilliant innovators from all disciplines to leverage their intellectual and financial capital.
The X PRIZE Foundation conducts competitions in four Prize Groups: Education & Global Development; Energy & Environment; Life Sciences; and Exploration (Ocean & Deep Space). It is a U.S.-based organization led by Chairman and CEO Dr. Peter H. Diamandis and Co-Chairman and President Robert K. Weiss, and governed by a group of visionary leaders including the Board of Trustees, Vision Circle members, Spirit of Innovation members, corporate partners, and sponsors. Today, the X PRIZE Foundation is widely recognized as the leader in fostering innovation through incentivized competition."
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