The Power of Innovation
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Transcript of The Power of Innovation
Terry Cecil
p. 2 PRESENTATION NAME | DATE
OUR PRIZE IS SPONSORED IN PART BY THE RODDENBERRY FOUNDATION
TURNING SCIENCE
FICTION INTO SCIENCE REALITY
XPRIZE…
• An innovation engine and driver of exponential change
• Catalyst for the benefit of humanity
• Provide the vision and thought leadership to identify the Grand Challenges – the global crises and market failures where solutions are thought to be either out of reach or just, plain impossible
• Then design and operate incentivized prize competitions to solve them.
XPRIZE... • An innovation engine and driver of exponential change
• Catalyst for the benefit of humanity
• Provide the vision and thought leadership to identify the Grand Challenges – the global crises and market failures where solutions are thought to be either out of reach or just, plain impossible
• Then design and operate incentivized prize competitions to solve them.
XPRIZE... • An innovation engine and driver of exponential change
• Catalyst for the benefit of humanity
• Provide the vision and thought leadership to identify the Grand Challenges – the global crises and market failures where solutions are thought to be either out of reach or just, plain impossible
• Then design and operate incentivized prize competitions to solve them.
XPRIZE... • An innovation engine and driver of exponential change
• Catalyst for the benefit of humanity
• Provide the vision and thought leadership to identify the Grand Challenges – the global crises and market failures where solutions are thought to be either out of reach or just, plain impossible
• Then design and operate incentivized prize competitions to solve them
p. 10 PRESENTATION NAME | DATE
MOORE’S LAW • Infinite Computing • Sensor & Networks • Robotics • 3D Printing • Synthetic Biology • Digital Medicine • Nanomaterials • Artificial Intelligence
p. | SPONSORSHIP OPPORTUNITIES, 11.09.13
WHAT IS AN XPRIZE
p. 13
p. | SPONSORSHIP OPPORTUNITIES, 11.09.13
WHAT IS AN XPRIZE Highly-‐leveraged global compeFFon challenging teams to solve the world’s grand challenges.
Audacious, but achievable
p. 14
LEVERS OF CHANGE • Inspire the Market • Address Grand Challenges • Demonstrate a Breakthrough • Mobilize New Talent & Approaches • Direct Policy • Educate and Improve Skills • Focus and Motivate a Community • Influence Public Perceptions • Mobilize Capital • Identify Excellence
Compe&&on Timeline
4 ½ Years
2 0 1 4 2 0 1 72 0 1 5 2 0 1 6 2 0 1 8
Qualifying and Design
Development and Testing
Deployment and Monitoring
Application Process
Judging and Awards
ORTEIG PRIZE • $25,000 • 8 years to achieve • Injection $400,000
THE PRIZES
Ansari XPRIZE
GRAND CHALLENGE Spaceflight was expensive, exclusive and in the hands of government RESULTS Created a $2 billion dollar private sector space industry putting thousands back to work and creating new opportunities
Launched Virgin Galactic Ansari XPRIZE
GRAND CHALLENGE Need for patients to have more control over their health COMPETITION Create a medical device that puts healthcare in the palm of your hand. Device capable of capturing key health metrics and diagnosing a set of 15 diseases
GRAND CHALLENGE Patients need to have more control over their health
COMPETITION Create a medical device that puts healthcare in the palm of your hand
Capable of capturing key health metrics and diagnosing a set of 15 diseases
$30 Million Prize Award
Boldly go… where no sponsor has gone before.
Steve Jurvetson Digital Awakening
INSIGHTS
Ocean
International
WHY DO SPONSORS CONNECT WITH
XPRIZE?
INNOVATION IS CRITICAL TO CORPORATIONS…
AND EVERYONE ELSE
XPRIZE PROVIDES IMPACT OF AUTHENTIC
INNOVATION FOR SPONSORS
STORY TO STORYBOARD
POSITIONS SPONSORS AS PIONEERS
Leverage Innovation impact throughout
sponsor organization
LEVERAGE THE XPRIZE COMMUNITY
“TIP OF THE SPEAR” OF
INNOVATION
XPRIZE Community
Programs for our Giving Societies
Adventure Trip
EDUCATIONAL OUTREACH & STEAM