There are forces for change in the world that are not run purely for profit, and XPrize is one of them. It is a platform that facilitates the funding of innovative projects that make a positive impact on the world.
While the advances made by the winners and participants of the competitions will undoubtedly be turned into commercial products, the end result will still be a positive improvement for society and the planet.
What makes this important in terms of Alternative Income is that participation is open to anyone. You don´t have to be a member of a large corporation to bid for the funding. You don´t have to have years of experience as a scientist to win the prizes. You just need to have a great idea, the ability to develop it, and the confidence to put yourself forward for the prize.
Jake Andraka was a schoolboy who was driven by the effect of pancreatic cancer on someone close to him, and who knew there had to be a better way to detect it. He put together a team of teenagers who developed a simple predictor test, with far higher accuracy and detection rates of current methods, at a tiny fraction of the cost. He was 15 when he won the $75,000 Intel ISEF Gordon E. Moore award for his invention. Now he is participating in the XPrize Tricorder competition with his teenage team.
It´s not just about science. The Learning Prize Group is focused on ending the poverty cycle by making access more accessible to everyone. The Global Development Prize focuses on ways to provide sustainable access to basic necesities including food, water, sanitation, health, education and security.
If you think big and have an idea that could change the world, see if you can get funding from XPrize to make that idea a reality.
Inspired by: Upworthy.com