X Prize Foundation’s Francis Béland announced at the TEDxOilSpill conference yesterday that the company is creating a multimillion-dollar prize for anyone who can propose a solution for the BP oil spill. He later said that the prize money would probably be $3 million. Thirty-five thousand unsolicited ideas for how to fix the problem have already flooded BP, the government, and organizations including X Prize, which sponsors competitions to develop technologies in space flight, energy, medicine, and other areas.
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