Political Quotes

“Prizes have a history of encouraging innovation by promoting competition and expanding the talent pool to include a numerous and diverse array of groups and individuals. Those unable or unwilling to secure grants can participate in the race for the goal. With prizes, government funding is not used to pick technological winners and losers. The prize is only awarded if the goal is met. Prizes encourage the investment of private capital and research, even beyond the monetary value of the prize. I applaud the X PRIZE Foundation for spurring competition and innovation in the race to a more efficient automobile. When the 100 mile-per-gallon vehicle is achieved, citizens of my home State of Nebraska will be able to drive across the State on Interstate 80 on only 4 rac{1}{2} gallons of fuel. This tremendous efficiency would dramatically reduce our Nation's dependence on foreign oil, it would stimulate our economy, and certainly improve our national security. I am grateful for the vision and enterprise of men like Dr. Peter Diamandis who kindle the spark of innovation that leads to revolutionary technologies.”