Tag Archives: X Prize
May 16, 2012, 11:22 am
Competitions to spur scientific and technology developments have grown in popularity in recent years, but social causes have yet to get so much attention until now.
The Robin Hood Foundation and the X Prize Foundation this week announced a new competition designed to find the best solutions available to fighting poverty.
Robin Hood has raised $19-million to get the competition off the ground and plans soon to announce the specific goal of the first contest, which might focus on curbing homelessness or improving education or other issues that contribute to poverty.
[Editor's note: The following paragraph has been revised for accuracy.] The goal is to reward new ideas and programs that Robin Hood will test in New York. After a new program has been running for a certain amount of time, a review committee of officials from both foundations will evaluate it and award the prize if…