Awhile back, the Scottish government announced it's then $20 million Saltire Prize to harness the power of the oceans. Details were a bit fuzzy (there really weren't many more).
Today they have come up with some more specifics for what people have to do: "The award will go to the team that "successfully demonstrates—in Scottish waters—the best commercially viable wave or tidal technology capable of providing electricity to thousands of homes," according to Scotland's First Minister, Alex Salmond.
You can have a read about the prize on National Geographic's website: http://news.nationalgeographic.com/news/2008/12/081202-scotland-prize.html
It looks like prize incentives are becoming a serious part of the future of innovation. Which is just where we at the X PRIZE Foundation want them to be.
Anyone think they have an idea that can let them compete?