This video contest isn’t your run of the mill competition, but don’t let the prize amount stop you from grabbing your Flip Mino (or other camcorder) and submitting an entry. The X PRIZE Foundation is an educational non-profit that designs and administers competitions with prizes of $10 million or more. They have announced that they are looking for the best video to help them decide what their next Grand Challenge contest should be and that proposes a new, world-changing X PRIZE in the field of Energy and the Environment. From their site: “An X PRIZE is a $10 million+ award given to the first team to achieve a specific goal, set by the X PRIZE Foundation, which has the potential to benefit humanity. The X PRIZE is viewed as the leading model to leverage the elements of public interest, entrepreneurial spirit and cross-disciplinary innovation to bring about breakthroughs that benefit us all. We believe that a small group of people with passion for a cause can achieve that which has never been attained. This is why we stage competitions that challenge issues that matter most.”

Make a video on the topic, “What’s Your Crazy Green Idea?”  Your entry should be creative, persuasive and make sure to detail the rules you would include for an X PRIZE competition. The winning video must answer the following three questions:
1. What is the specific prize idea?
2. What is the Grand Challenge or world-wide problem that you are trying to solve?
3. How will this prize benefit humanity?

Contestants need to submit a 2-minute video by October 31, 2008 to their YouTube channel. Make sure to read the complete contest rules and you may want to browse their blogs as well.