Xprize in the context of Inducement prize contest

⭐ Core Definition: Xprize

XPRIZE Foundation is a non-profit organization that designs and hosts public competitions intended to encourage technological development. The XPRIZE mission is to bring about "radical breakthroughs for the benefit of humanity" through incentivized competition. It aims to motivate individuals, companies, and organizations to develop ideas and technologies.

The Ansari X Prize relating to spacecraft development was awarded in 2004, intended to inspire research and development into technology for space exploration.

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Xprize in the context of Bioeconomy

Biobased economy, bioeconomy or biotechonomy is an economic activity involving the use of biotechnology and biomass in the production of goods, services, or energy. The terms are widely used by regional development agencies, national and international organizations, and biotechnology companies. They are closely linked to the evolution of the biotechnology industry and the capacity to study, understand, and manipulate genetic material that has been possible due to scientific research and technological development. This includes the application of scientific and technological developments to agriculture, health, chemical, and energy industries.

View the full Wikipedia page for Bioeconomy

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