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XPRIZE Turns to the Crowd to Design Its Next XPRIZEs in Energy, Food & Environment for Visioneering 2018

May 21, 2018

LOS ANGELES--(BUSINESS WIRE)--May 21, 2018--Today, the XPRIZE Foundation announced an open call to innovators around the world to help it design future XPRIZEs in five key areas: Off-Grid Energy for the Developing World, Saving Coral Reefs, Disaster Prediction, Lifting Farmers Out of Poverty and Feeding the Next Billion. For the first time, XPRIZE will use the HeroX crowdsourcing platform to source hundreds of XPRIZE designs, and submitting teams may be selected to ultimately compete to further develop their concepts for future XPRIZEs.

Normally the XPRIZE Foundation turns to its internal team or external experts to develop competitions, and then asks the crowd to solve its grand challenge competitions. Instead, this year XPRIZE is using crowdsourcing at the beginning of its prize development process, as well as to, eventually, actually solve the challenges.

“At XPRIZE, we believe the crowd is able to attack and solve the world’s grandest challenges. This year we are also testing the hypothesis that the crowd can also design XPRIZEs in a fashion that will help us get our work done faster, better and cheaper,” said Dr. Peter H. Diamandis, XPRIZE founder and executive chairman. “We believe that the best way to predict the future is to create it yourself. Building on HeroX and our annual Visioneering Summit, we look forward to taking the crowd’s participation to the next level and empowering the public to architect the future.”

Teams entering the 2018 Visioneering Prize-Design Challenge will have the option to watch a brief “Master’s Class” video on designing an XPRIZE taught by Diamandis, and then submit their detailed prize design entry. Their entry will include their proposed name of the prize, the prize purse, the detailed competition rules and much more. Teams can enter as many times as they wish. Entries from around the world are encouraged.

The winning teams from the HeroX competition will win a variety of prizes valued in total at more than $100K. This includes event airfare and hotel, and access to XPRIZE’s Visioneering event; plus cash purses ranging from $10K to $25K. The designers of the best concepts submitted through HeroX will work with XPRIZE experts to refine their prizes before taking a global stage later this year at the Visioneering Summit.

This year, XPRIZE is also fortunate to have support from Accenture. The global professional services company is providing expert innovators and impact designers for each of the five key areas. These teams will simultaneously work on their own competition designs under a separate track.

More detail on the key areas and sponsors include:

There are three phases to the HeroX Visioneering 2018 Design Competition: Phase I: Ideation, Phase II: Design Hackathon, and Phase III: Visioneering Summit.

To learn more about the HeroX Visioneering 2018 Design Competition including deadlines, submission requirements, and full judging criteria, and to sign up for the challenge, please visit: www.herox.com/xprizevisioneers-2018-design-challenge.

To learn more about Visioneering 2018, please visit: xprize.org/visioneering.

ABOUT XPRIZE

XPRIZE, a 501(c)(3) nonprofit, is the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges. XPRIZE utilizes a unique combination of gamification, crowdsourcing, incentive prize theory, and exponential technologies as a formula to make 10x (vs. 10%) impact in the grand challenge domains facing our world. XPRIZE’s philosophy is that—under the right circumstances— igniting rapid experimentation from a variety of diverse lenses is the most efficient and effective method to driving exponential impact and solutions to grand challenges. Active competitions include the Lunar XPRIZE, the $20M NRG COSIA Carbon XPRIZE, the $15M Global Learning XPRIZE, the $10M ANA Avatar XPRIZE, the $7M Shell Ocean Discovery XPRIZE, the $7M Barbara Bush Foundation Adult Literacy XPRIZE, the $5M IBM Watson AI XPRIZE, the $1.75M Water Abundance XPRIZE and the $1M Anu & Naveen Jain Women’s Safety XPRIZE. For more information, visit www.xprize.org.

ABOUT HEROX

Founded in 2013, HeroX exists at the intersection of crowdsourcing, competition and collaboration. The HeroX crowdsourcing platform brings together global communities of problem solvers to deliver breakthrough solutions to social, economic, and strategic challenges. To learn more, visit www.herox.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180521005435/en/

CONTACT: XPRIZE

Katherine Schelbert, 424.835.3127

katherine.schelbert@xprize.org

KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES AGRICULTURE PHILANTHROPY ENVIRONMENT FOUNDATION

SOURCE: XPRIZE

Copyright Business Wire 2018.

PUB: 05/21/2018 08:00 AM/DISC: 05/21/2018 08:01 AM

http://www.businesswire.com/news/home/20180521005435/en