Prizes, Awards and Other Benefits

The size and amount of the Prizes is directly relational to the number of participants, community support and how long the challenge takes to complete. Our projections of participating teams in the range of the numbers of teams which decide to tackle this challenge, indicate the prizes are $25 million for the top team, with prizes to 10 teams which placed in the winners circle and up to 250 runners up (for meritorious inventions). The additional winners 'pot' continues to grow until it is won. Monies from communities sponsoring the trials, and finals are added, as are funds from sponsoring corporations, individuals and advertisers. The total amount of winnings for this technology challenge are expected to grow beyond $25,000,000 Canadian dollars. Some companies may add other incentives, awards and prizes.

Seeing the cost of entry is low by comparison to the Lunar X-Prize and the material costs for creating the model HiBot are low we anticipate teams from a high percentage of high-school physics classes as well as university classes of physics and engineering students. Educational institutions may mount more than one team to increase their likelihood of being represented amongst the winners. (Anyone wanting to be part of the challenge is free to raise their own funding and enter. Entry is not conditional except as our limitations state.)

It is expected to take a few years to complete the full slate of trial requirements. (The tentative date for the finals and awards is in 2010. However, please note it is not impossible the challenge could be complete and won in one year with diligent efforts. Creativity is difficult to schedule, as are the efforts of people who are certain they can achieve results in a shorter time when the right incentives are there.)

As a non-profit organization we aim to raise the funds to complete the objectives of Pacific Way Foundation. No funds go to shareholders, there are no shareholders in a non-profit organization.