Detailed text transcripts for TV channel - CNN - 20110418:17:50:00
Often the prize money is less than a single team will invest in trying to find the solution but the effect is you have a multiple of the prize money dedicated to try to find a solution that's going to help humanity. >> absolutely. if you look at a $10 million purse, normally the leverage is immense. the amount of money that the team spent to solve that money team spent to solve that problem and win the purse is ten times bigger than the purse, itself, and we have seen 200 times the size of the purse. >> all right. francis, good work and thank you for joining us today. x-prize is a great idea a...