Progressive Automotive X PRIZE Competition
June 10th, 2008 by Damon Clifford
Similar to the Ansari X Prize that challenged inventors to come up with an aircraft that could enter space, the X PRIZE Foundation and Progressive jointly announced the company’s Title Sponsorship of the Progressive Insurance Automotive X PRIZE competition and its funding of the $10 million prize purse.
Since I’m enthusiastic about cars, I’m going to start following the Automotive X PRIZE competition and their auto blog more closely and comment, discuss, and analyze what’s going on in the competition.
An overview of the competition from the Automotive X PRIZE website:
The newly renamed Progressive Automotive X PRIZE is an international competition designed to inspire a new generation of viable, super fuel-efficient vehicles. The independent and technology-neutral competition is open to teams from around the world that can design, build and bring to market 100 MPGe (miles per gallon energy equivalent) vehicles that people want to buy, and that meet market needs for price, size, capability, safety and performance.
It will be fun and interesting to see how everything develops. There have already been more than 60 teams that have signed up to participate in the contest and it will be fun to check out all of the teams and interview their key players.
The reason why I like the X PRIZE competition is because in today’s world it’s corporations and private companies, not government, that drive many big social changes. These companies and organizations involved with the Automotive X PRIZE will be the ones that invent, create, develop, and manufacture fuel efficient or alternative energy vehicles that we will drive in the future.
Stay tuned, because it will be exciting!
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