Knowing that revolutionary energy inventions are a reality, ZPenergy.com proposed an innovation competition years ago, but didn’t get buy-in from people who could make it happen. Now the time may be right, because a major Abundant Clean Energy prize is on the drawing board, backed by people with money. Here’s the background:
You’ve all heard of the X-prize. In 2013 a spin-off called HeroX was born, as a result of the 2011 partnering of City Light Capital with XPRIZE. HeroX co-founders are XPRIZE founder Peter Diamandis, challenge designer Emily Fowler (in photo) and entrepreneur Christian Cotichini.
Their press materials say HeroX was created “to democratize the innovation model of XPRIZE.” The HeroX platform “exists to enable anyone, anywhere in the world, to create a challenge that addresses any problem or opportunity, build a community around that challenge and activate the circumstances that can lead to a breakthrough innovation.”
“On a planet awash with energy, in a universe where all matter is made of immense amounts of energy, we find our society forced to make bad choices for most of our energy supply from a set of technologies as old as the transistor, not to mention fire. “
Obviously we need new and better sources of energy. The XPRIZE Foundation offers skills in designing and executing incentive prize competitions. They’re asking for input and help on an Abundant Clean Energy prize.
“….Lots of promising ideas are on the drawing boards of inventors, small companies and scientific researchers. They exist. How do we draw them out and validate them so they can get the support they need to scale up and serve this huge need/market? What better way than a well-designed, very large XPRIZE?”
They’re putting up a $50,000 prize purse for people who help design this one. The purse is “broken into pieces to incentivize you to help come up with better and better ideas on how to accomplish these objectives.” “The more great ideas and collaboration you share, the more points you get. The more points you get, the more money you get – and the more you help the world.”
To quote the website, they’re looking for “ideas on how to design the prize to:
- Attract the best, most transformative new clean energy technologies and inventions
- Optimally incentivize the most talented inventors/scientists/engineers to participate
- Clearly define prize competition structure and rules
- Set up scientific protocols to test and verify/validate entries
- Set up judging criteria to efficiently evaluate and sort through entries while not discouraging ‘adventurous’ submissions.”
To get involved, go to https://herox.com/AbundantCleanEnergy/guidelines