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With the X Prize won, the X Prize Foundation will be starting an annual X Prize Cup competition, starting at White Sands Missile Range in New Mexico in 2006. This will be a regular competition, offering prizes in five categories: turnaround time, passengers per launch, total passengers, altitude, and speed. This type of competition is completely unlike the original X Prize, in that it is always awarded to the best competitor at the time, rather than to the first to achieve a specific goal. This type of structure tends to encourage incremental improvement of existing designs, rather than the development of radical new designs. It shows no likelihood of spurring orbital flight, for example.
The X Prize Foundation has also announced the WTN X Prize ( World Technology Network X Prize). This was formally announced by Peter Diamandis of the X Prize Foundation and James P. Clark of the World Technology Network on October 7th at the WTN's 20042004 is a leap year starting on Thursday (the link is to a full 2004 calendar), and has also been designated the: International Year of Rice International Year to Commemorate the Struggle against Slavery and its Abolition Elections are to be held in 73 co World Technology Summit & Awards. A series of X-Prizes are planned inspired by the Ansari X-Prize but tackling other areas in science and technology. In the next 6 months the prizes will be chosen (the public can submit ideas at their website). They will be based upon pressing global needs that can be realistically solved in the next 5 - 10 years. Prizes are expected to be in the tens of millions of dollars.