GSummit SF 2014 - Does the prize purse matter? Driving revolution through competition with XPRIZE by...
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EILEEN BARTHOLOMEW, SVP PRIZES
GSUMMIT, 2014
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• Fly 100 km altitude
• Twice in 2 weeks • 3 person crew• Privately funded
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ARCA SPACE TRANSPORT
DAVINCI PROJECT CANADIAN ARROW ROCKETPLANE
ARMADILLO
AEROSPACE
STARCHASER PABLO DELEON SCALED COMPOSITES
• 26 teams• From 7 nations• Spending > $100
million
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XPRIZE PORTFOLIO
Awarded
$23.4 Million
Active
$52.2 Million
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PRIZES ARE POWERFULTOOLS FOR INNOVATION
•Encourage new thinkers &
approaches
•Pay only for successful outcomes
•Provide significant financial
leverage
•…It’s not just about the
purse
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12p. | NAME OF PRESENTATION, DATE
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Capital
Markets
Resources
Interesting
Work
Legitimacy
Community
Glory
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CAPITAL
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MARKETS
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RESOURCES
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INTERESTING WORK
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LEGITIMACY
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COMMUNITY
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GLORY
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DESIGNING A GREAT PRIZE
1.Offer a sufficient purse
2.Design for after the prize is won
3.Define a difficult but achievable target
4.Offer a clear measure of success
5.Entice broad communities
6.Make it rewarding and simple for teams
7.Have a media-friendly winning moment and tell great stories along the way
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WHAT DO YOU PRIZE?