These are competitions that change the future. Teams of engineers and scientists have to overcome technological barriers in various industries and find a breakthrough solution to the technological tasks of immense complexity on an international scale.
The award is granted for demonstrating an understandable and repeatable solution for the task recognized by independent expert jury and the public.
- Significant and unresolved technological problem that prevents the launch of a new product or service on a new market
- Level of technology that haven’t been reached by anyone in the world yet, but which could be in demand by the market
STAGES OF CONTESTS
Goal: development of a reusable suborbital spacecraft (with flight altitude of 100 km) for a crew of three persons
Prize fund: 10 million dollars
Winner: "Tier One" with "SpaceShipOne" aerospace system
Informal results: teams attracted amount of 100 million USD of private investments. Competition launched the private space exploration.
Goal: development of a driverless car capable to complete the track with length of 200 kilometers in a fully driverless mode
Prize fund: 2-3 million dollars annually
Informal results: several teams successfully complete a task in 2007
Competition gave a start to a new industry: - driverless transport.
Goal: development an algorithm of prediction of user preferences (Big Data)
Prize fund: 1 million dollars
Informal results: 34 000 developers took part in the competition