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The mission of the X PRIZE Foundation is to bring about radical breakthroughs for the benefit of humanity. The Foundation fosters innovative, high-profile competitions that motivate individuals across all boundaries to solve grand challenges. The prizes are worth millions and capture the imagination of the public to draw attention to the goal.
Current X Prizes are:
Space – Google Lunar X PRIZE ($20 & $5 Million Dollar Prizes)
Medicine – Archon X PRIZE for Genomics (Multi-Million-Dollar Cash Prizes)
Automotive – Progressive Automotive X PRIZE ($10 Million Dollar Prize)

Official Website: www.xprize.org
Info Link: www.wikipedia.org
Video Link: www.youtube.com