I interviewed X PRIZE Foundation's Senior Director, Eileen Bartholomew, during the 52nd Annual Girl Scout National Convention on November 10, 2011 in Houston, TX. The X PRIZE Foundation is an nonprofit organization working to bring about advancement for the benefit of humanity. Doing this, they are inspiring the formation of new industries and the revitalization of markets that are currently stagnant due to existing failures or beliefs that success and growth are 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 and Global Development, Energy and Environment, Life Sciences, and Exploration (Ocean and Deep Space). Today the X PRIZE Foundation is widely recongnized as the leader in fostering innovation through incentivized competition.
Recently, a group of Girl Scouts from Ames, IA won an X PRIZE contest. The group, known as "The Flying Monkeys" won their prize by obtaining a patent on a new type of prosthetic hand helping a three year old to write.
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