XPrize Hopes to Revolutionize How Kids Learn Around The World.

Founder Peter Diamandis announces $15 million prize for new education app development competition.
8:34 | 09/22/14

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Transcript for XPrize Hopes to Revolutionize How Kids Learn Around The World.
One important thing the winning. Software. From this global learning X prize is -- be open source. So imagine this on every tablet every Smartphone produced billions around the world. That's gonna make a big difference right first ever doing that. X prize founder and chairman Peter -- on this announcing its new initiative today for developers to create apps that will revolutionize. How students learn hello everyone I'm -- Hernandez in New York fifteen million dollars up for grabs. -- -- X -- hopes -- be the new and innovative way to teach kids around the world. Especially those who don't have regular access to education. It's this welcome to my pleasure -- you're not playing a mind is a terrible thing to waste your -- 250. Million mines are terrible. Yeah we we're living in a world you'll realize -- -- billion illiterate people of which are quarter rebellion turned fifty million our kids right the other part mostly women. And these individuals these kids live in parts the world that we'll never build schools and will never provide -- teachers were going to be short at one point six million teachers. By the end of 2016. We can't scale. Can we use technology to solve that problem. So tell us about your prize what do you hope to accomplish and who gets to -- sure. So we're asking teams around the world and we expect hundreds maybe thousands of teams to enter. To build a piece of software. Android based software that can operate on any tablet out there that can take a child. In the middle of sub saharan Africa. Who has no literate adults -- schools near them from illiteracy. To basic reading writing and numerous -- an eighteen months. So this software is got to engage them it's gonna keep -- interest instead -- also teach them. In a way that they can also teach themselves and this is -- -- we're -- scale it's a way we're gonna create a world of literacy when you do that. -- change everything. More peaceful more prosperous you know less population growth rates it really is a -- it. When you look at places like that go around the world they don't have access to regular electricity let's say two. -- the charge of their devices so how will this work in places. Where they're just not -- yet to sustain electronic media. It's and it's important note but the rate at which cellphones are expanding and after they'll be a billion handsets and Africa by the end of 2016 it's the fastest growing -- technology on the planet. And solar power. You know the sun is the most prolific in. In around the equator -- in Africa is growing exponentially as well. The the proliferation of cell phones and power is itself being solved but what's not being soft and why we put an X prize here. Is this software that can really be the best teacher so. Think about this amass a war into -- can -- on a Smartphone. Has access to more knowledge and information on Google and the President Clinton had just you know -- some years ago. And that Google for that that Masai -- the Siemens global for the chairman and CEO of global itself. We're looking to create a piece of software that is the best teacher for billionaire Manhattan where the poorest kid in the -- -- And that democratization. Of -- what. -- after. We've seen people. Try to achieve a laptop for every child things that haven't actually -- -- -- -- things that seem harder in reality to produce. Then we had hoped so how is this different. And and and tell us a little bit also about what you need to know if you want to enter. Sure so again this is not a hardware competition hardware is being taken care of -- will go by Sampson by HTC by. All the large hardware providers and the price. You know has dropped on to forty dollars a tablet -- -- the design for ten dollar tablet and really is no rushing toward zero it's. Capable powerful compelling software. So we're asking the public to be involved in two ways number one if -- high school team or -- team out of Google or Microsoft you want to compete fantastic. Good acts priced -- or XP RR AZE dot -- G and you can register to compete as a team. The other thing that we're doing is allowing the public actually get involved in in creating this prize. We're running it and indeed go -- crowd when he -- to double the number of villages we're going to -- Africa. You could also by the way if you get involved. Actually get access to the winning software for your kids here in the states or in Europe to be able to download it. Or vote on where X -- should do its next grand challenge solution so we want the public involved. Some people are saying that pencil and paper -- are still winning the race and education. Do you agree with that why do you think that is -- is it realistic to think it's gonna change so. We are very much dependent. In the first world in the developed world on a 200 year old educational system. Right you basically have a teacher in front of -- hundred kids are fifty kids if you're lucky half. You're teaching to the median half for a lost half for board and ultimately that doesn't scale around the world. And you know just like you sure libraries used to work fine but now we have -- for the rest of the world. Ultimately we're looking at how we create a global impact is scalable. And that can transform it because otherwise the problem gets worse not better. So X prize is known for champion what's called disruptive -- the -- so what would be your ultimate. Prize winner what would you love to see. One of the things that's unique about this prize is win you know we get -- of 103 thousand's of teams. -- narrowed down to five finalists those five finalists go into the field and sub saharan Africa with 5000 if the crowd supports -- 101000 kids. Will pick one winner -- three and -- half years from now. And that winning software will be open -- will be made available to the world for free. And in success that piece of software that's most amazing teacher out there. We'll be loaded on every Smartphone every tablet out -- so imagine as these are produced by all the electronic manufacturers. That -- Can become your kid's teacher or at least supplement and to replace teachers here right teachers are very -- part of my life your life everybody's life. But it's it's cool to supplement and complement them. And you're not putting all of your eggs in one basket this money is the sort of divided up their different ways to to get some of this -- track yet we're going to be actually it's in two phases again from hundreds of thousands of teams -- the five finalists. -- those five -- win a million dollars. And then those five finalists -- -- -- deployed in the field and the winning team that actually removes a population of kids age five to twelve. From illiteracy to literacy the fastest in the most completely. Winds ten million. So once this is over how do you ensure. Let's say that great software out there how do you ensure that it stays alive and it really reaches the people -- -- -- very important right so for us that's the you know we say that when -- -- gets one that's the beginning not the end. And to making sure that it is on every device going out there that it is open source who can contribute to that. Improve it and that we really are beginning from today to work with heads of state. In Asian and African nations to make sure that they're ready to adopt support and promote the software -- -- available. Realistically how many years away do you think we are. From from having children. You -- have these devices and he'll use them to learn so registration is six months and then those register teams of eighteen months design their software they might be working on it today that might be taking off the shelf. And then at the end of that -- -- -- judging period to -- to five and we have eighteen month deployment. And it into each month deployment we crown -- winner. And hopefully it's also a change of -- it's not just that one piece of software but it's. Motion the expectation. That people that kids. Can learn enough to teach themselves. And that the technology to enable that is getting more more powerful so I hope within five years we'll see these technologies actually being deployed and used. Right founder and chairman of the X prize foundation Peter.

This transcript has been automatically generated and may not be 100% accurate.

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