X Prize Foundation To Set $10M Health Care Competition Rules

The X PRIZE Foundation, the Playa Vista-based nonprofit using multimillion dollar prizes to drive innovation, said Thursday that the firm will announce the initial prize parameters for its $10M+, Healthcare X PRIZE next week. According to the firm, the parameters for the prize--which is focused on improving health care--were developed by a group of prominent health care providers, thought-leaders, and academic and political advisors. The prize is being funded by Wellpoint. The healthcare prize is one of a number of competitions being run by the group, which earlier this week said it now had 111 registered teams in its $10M automotive competition.