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Finalists Focus on Reducing Energy Consumption & Increasing Energy Storage in Prize Capital sponsored XPRIZE "What's Your Crazy Green Idea?" contest on YouTube: Public Voting Begins to Select Winner
Playa Vista, CA, November 18, 2008 – The public voting phase of the “What’s Your Crazy Green Idea?” Video Contest on YouTube, sponsored by Prize Capital, has begun! Out of 133 video submissions, the X PRIZE Foundation has selected three finalists and is asking the world to choose the idea that should be explored as the next X PRIZE in Energy and the Environment. The contestant whose video receives the most votes before November 30 will win the $25,000 award from Prize Capital and have their Crazy Green Idea explored as the next X PRIZE in Energy and the Environment. The public is encouraged to vote for their favorite entry at: www.xprize.org/crazy-green-idea.
Prize Capital Presents $25,000 X PRIZE Foundation Contest on YouTube: “What’s Your Crazy Green Idea?”
Cambridge, MA, September 10, 2008 – Prize Capital, LLC is sponsoring a $25,000 video contest, launched by the X PRIZE Foundation, on YouTube (www.youtube.com/xprize ). The $25,000 will be awarded for the best video proposing a new, world-changing X PRIZE in the field of Energy and the Environment. The $25,000 video contest will be announced during a forum at the Massachusetts Institute of Technology (MIT) featuring thought leaders in the energy and environment sector, including futurist Ray Kurzweil, geneticist George Church, inventor Saul Griffith and physicist Ernest Moniz. Prize Capital Chairman & Founder Lee Stein will join X PRIZE Foundation Chairman & CEO Peter Diamondis on stage to announce the contest.
Prize Capital, LLC Announces a Framework to Enable a Multi-Million Dollar Biofuels Prize
Washington, DC, March 4, 2008 - At WIREC 2008’s Opening Plenary and an Official Side Event Prize Capital, LLC Founder and Chairman Lee Stein launches a new mechanism for generating innovation and financing for energy and the environment and unveils the first of its Earth 2.0SM programs. Stein announces the planning phase of a multi-million dollar prize for small-scale decentralized biofuels for liquid transport. Experts are invited to advise and sponsor the prize.
GEF and IFC Launch the Earth Fund
Bali, December 10, 2007 - At the United Nations Framework Convention on Climate Change (UNFCCC) the Global Environment Facility (GEF) and the International Finance Corporation (IFC) announced the Earth Fund committing $60 million in initial funding. The Earth Fund will set up inducement prizes in coordination with Prize Capital, LLC to encourage innovation, venture capital, and early-stage investment in new products that are yet to be commercial developed.
Developing Countries Win Environmental Ally: GEF Launches Public Private Partnership for the Global Environment
Washington DC, June 15, 2007 - The Global Environment Facility (GEF) governing Council gave a $50 million green light to a new pilot Public Private Partnership (PPP) strategic investment program to foster innovative technological and financial solutions to intractable environmental problems in developing countries, which has already attracted $53 million in co-financing of the expected $200 million. The partnership launches with an innovative approach developed by Prize Capital, LLC that generates capital for global competitions resulting in technological breakthroughs to solve environmental challenges.