The Ouroboros is an ancient symbol depicting a serpent or dragon eating its own tail. In the show 'Ouroboros' represents the Order of the Dragon. Project Ouroboros is kept within a large metal and glass box with small viewing windows on the side, from which a mysterious bright light is emitted.
Dr. Pryce shows Roman Project Ouroboros after he arrives at the Institute, before injecting him with a liquid causing Roman to fall into a coma. Towards the end of season one, the inside of the mysterious box is shown to contain a humanoid in a placenta-like environment.