Article: X PRIZE Foundation Taps Former Gates Foundation Leader to Drive Expanded Mission.

Foundation to Bring Prize-Driven Philanthropy Model to Medicine and Fuel-Efficient Automobiles, in Addition to Spaceflight

LOS ANGELES -- Tom Vander Ark, the former Executive Director of Education for the Bill & Melinda Gates Foundation, has been named President of the X PRIZE Foundation -- an educational nonprofit prize institute that offers multi-million-dollar awards for breakthrough innovations that benefit humanity.

The X PRIZE Foundation is best known for the $10 million Ansari X PRIZE for private spaceflight, which was captured in 2004 by famed aircraft designer Burt Rutan and Microsoft co-founder Paul Allen.

"Tom's experience in both the ...

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