Ideas wanted: New X Prize offers $10 million for innovative oil spill cleanup solutions

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Have an idea for how to clean up the massive amounts of oil spilling into the Gulf of Mexico? The X Prize Foundation (known for spurring technological advances through the offering of large sums of prize money) has announced a new challenge. The goal: innovative solutions for cleaning up the catastrophic oil spill in the Gulf. The prize: $10 million.

Francis Béland, vice president of prize development at the X Prize Foundation, announced the newest X Prize yesterday at the TEDxOilSpill conference in Washington, DC. Like other TED conferences, this one gathered some of “the world’s leading thinkers and doers for a series of talks, presentations and performances.” Topics at the conference included “mitigation of the spill and the impending cleanup efforts; energy alternatives; policy and economics; as well as new technology that can help us build a self-reliant culture.”

No word yet on whether BP will let the X Prize winner try to clean up the mess in the Gulf, but after reading Fast Company’s post about the 908 InnoCentive ideas the company refused to consider, it’s hard not to be skeptical.

Submit your ideas to (And watch for more details in the coming weeks.)


Further reading:

Fast Company on the latest X Prize

The TEDxOilSpill Twitter feed



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