The X Prize Foundation, which fueled private space travel with their ten million dollar prize for the first rocket capable of making reliable flights into space announced a new prize this weekend. They will award $3 million for a cleanup of the oil spill in the Gulf of Mexico. CNN has the details.

The X Prize Foundation announced today that it is developing a multimillion-dollar “oil spill cleanup X challenge” to come up with solutions to cleaning up shorelines and open water fouled by oil leaking from the BP Deepwater Horizon rig in the Gulf of Mexico.

Speaking at the TEDxOilSpill conference in Washington, Frances Beland of the X Prize Foundation asked the audience of 300, and many more watching the conference’s videostream, “What do you prize?” Beland told CNN after his appearance that the oil-related challenge will probably offer about $3 million in prize money for a cleanup solution.

Photo by marinephotobank

Originally posted by Dane Carlson on June 29, 2010 in Ideas.

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