As part of our prize development process, and education initiatives, the X PRIZE Foundation sponsors a class at MIT called the X PRIZE Lab @ MIT (sorry for the redundancy). The point of the class is to explore the model and potential of X PRIZEs, and what sorts of PRIZEs would bring about the radical breakthroughs that we're always seeking. In the Spring of 2008, the first semester that the Lab ran, the students explored the area of Health and Healthcare in the developing world. At the end of the class, the students were able to present their ideas to Dr. Peter Diamandis, our CEO and Chairman, as well as a select group of Board Members. In the fall, the students are going to be focusing on Energy and the Environment.
I've embedded a video of Peter talking about the X PRIZE Lab from YouTube.