The X PRIZE Foundation posted a video by Peter Diamandis about a partnership with MIT called X PRIZE Lab. An MIT class that just concluded investigated a number of health care X PRIZE concepts. This is helpful to the X PRIZE Foundation as they try to come up with the next X PRIZEs. The video ends with this note that should motivate students to get into and succeed in those tough schools like MIT:
Classes will run again in the Autumn of 2008 with a focus on Sustainable Energy.
You can learn more details about this semester's class at MIT News.
MIT is no stranger to the concept of innovation prizes. They aren't exactly the same type of prizes targeted to very specific technical goals as X PRIZEs, but see the Lemelson-MIT Awards for Invention and Innovation.