$20 Million for Renewable Ocean Energy

The Scottish Government has created the opportunity to award one of the biggest international innovation prizes in history through its plans for the Saltire Prize – a £10 million ($20 million) challenge prize for advances in clean energy.

The Saltire Prize draws inspiration from great innovation prizes of the 20th century including aviation prizes that led to the first crossings of the English Channel and the Atlantic, the Ansari X Prize that led to the first private spacecraft launch and, more recently the Virgin Earth Challenge which saw Richard Branson challenge scientists around the world to come up with a way to remove CO2 gases from the atmosphere.

The details of the prize are still being worked out, so if you have got any great ideas you better get to work.