The concept was simple...
[youtube]http://www.youtube.com/watch?v=zO1EV6A76ZE[/youtube]
... and the winner of the Level 1 prize (1 km in less than 4 minutes), that is, 900.000 devaluated dollars is.... drum roll.... Laser Motive!
http://www.spaceelevatorgames.org/
Space elevator: you put in orbit twenty tons of cable in a shuttle or two. Afix cable to platform. Drop cable. Use climbers to wowen cable upwards and downwards. Three years later, with a strong enough cable, you can move 20 tons up per trip.
The travel takes a week. Longest elevator ride in the world.
Any ideas?