|
|
WHY COMPETE?We expect and hope that a wide range of teams, from students to start-up companies to large manufacturers will want to enter the Progressive Automotive X PRIZE competition. Below you will find some initial information for potential teams. If you represent a team interested in joining the Progressive Automotive X PRIZE, then you can request the Registration Application. $10 MILLION PRIZE PURSEWinners of the Progressive Automotive X PRIZE will split a $10 million dollar purse. INTENSE MEDIA SPOTLIGHTThe Ansari X PRIZE generated more than five billion earned media impressions – the space between the ads. The Progressive Automotive X PRIZE expects to generate significantly more publicity and media exposure. This competition offers you a unique platform to build your brand and prove your technology to the public, media, investors and decision makers. GLOBAL COMPETITION FOR THE AGESNothing drives innovation and discovery like competition. You will collaborate and compete with inspired teams from around the world to work on this grand challenge: create viable, production-capable vehicles that are super-efficient and meet the needs of consumers. INDUSTRY CREDIBILITYThe X PRIZE Foundation conducts a careful screening of all entrants. Only teams that demonstrate a legitimate chance of winning are accepted, which lends your team instant credibility. We hold our entrants to a very high standard because we need teams that have the fortitude and integrity necessary to achieve breakthroughs that benefit humanity. SPONSORSHIP AND INVESTOR LEVERAGEHaving a viable opportunity to win a multi-million prize stimulates investment in competing teams. This investment may come from venture capitalists, angel investors, sponsors, governments and others. START A REVOLUTIONBe part of the solution by creating a super-efficient vehicle that people want to drive! Teams that enter the Progressive Automotive X PRIZE can help reduce our addiction to oil and stem the effects of climate change. |