Transforming the Practice of Medicine

Last month in Los Angeles, the X PRIZE Foundation hosted more than 100 influential CEOs, philanthropists, scientists, scholars and government leaders at its annual “Visioneering” event. These “Visioneers” gathered to design prize competitions that will drive radical breakthroughs for the benefit of humanity.

Teams compete with one another to design and pitch innovative incentive prize concepts in Education, Global Development, Energy & Environment, Exploration and Life Sciences, in hopes that their idea will become the next X PRIZE. Prizes are interdisciplinary, incentivized competitions that motivate individuals, companies and teams to pioneer innovation that pushes the limit of what is currently possible to overcome today’s most challenging global issues.

The most recent Visoneering prize concept to be fully realized was the $10 million Qualcomm Tricorder X PRIZE, an idea discussed at the event two years ago. In this competition, named for the Tricorder® of Star Trek® fame, teams will leverage technologies including artificial intelligence and wireless sensing to make medical diagnoses independent of a physician or healthcare provider.

Best known for the $10 million Ansari X PRIZE for private space flight and the $10 million Progressive Automotive X PRIZE for 100 mile-per-gallon equivalent cars, the Foundation also awarded the $2 million Northrop Grumman Lunar Lander X CHALLENGE for advanced rocket development and the $1.4 million Wendy Schmidt Oil Cleanup X CHALLENGE for highly effective, ocean surface oil spill cleanup methods. In addition to the Qualcomm Tricorder X PRIZE, active prizes include the $30 million Google Lunar X PRIZE and the $10 million Archon Genomics X PRIZE presented by Express Scripts.

Dr. Peter Diamandis, Chairman and CEO of the X PRIZE Foundation, will be presenting a keynote address at the 2012 AAMSE Annual Conference, Thursday, July 19, 2012. In How to Succeed as Future Technologies Transform the Practice of Medicine, Dr. Diamandis explains how to incentivize breakthroughs and will provide concrete examples and lessons to explain how to create a culture of innovation within your organization. Join AAMSE in Los Angeles as we discover how to incentivize the outside world to help us solve our biggest problems. Dr. Diamandis’ personal motto is: “The best way to predict the future is to create it yourself!”