History
At the 2006 World Economic Forum in Davos, Switzerland, the United Nations Development Program (UNDP) announced it would back the laptop. UNDP released a statement saying they would work with OLPC to deliver "technology and resources to targeted schools in the least developed countries".
The project originally aimed for a price of 100 US dollars. In May 2006, Negroponte told the Red Hat's annual user summit: "It is a floating price. We are a nonprofit organization. We have a target of $100 by 2008, but probably it will be $135, maybe $140." A BBC news article in April 2010 indicated the price still remains above $200.
Read more about this topic: One Laptop Per Child
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