The X PRIZE Foundation, an educational non-profit that designs and administers competitions with prizes of $10 million or more, is launching a $25,000 video contest on YouTube sponsored by Prize Capital, LLC (www.youtube.com/xprize). The $25,000 will be awarded for the best video proposing a new, world-changing X PRIZE in the field of Energy and the Environment.

The X PRIZE Foundation and Prize Capital, LLC are offering $25,000 for the best video proposing a new Energy and Environment X PRIZE. Contestants need to submit a 2-minute video via www.youtube.com/xprize. Entrants will be narrowed down to 3 finalists by the X PRIZE Foundation. Once the 3 finalists are identified, XPRIZE.org users will vote to determine the winner. The winner will be announced on XPRIZE.org in December 2008.

The winning video must answer the following three questions:
1. What is the specific prize idea?
2. What is the Grand Challenge or world-wide problem that you are trying to solve?
3. How will this prize benefit humanity?

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