OUR MISSION & THEORY OF IMPACT

At XPRIZE, we recognize two significant moments that are currently upon us with profound implications for humanity. First, that individuals are rapidly becoming more empowered to invent and innovate using democratized technologies—e.g., AI, robotics, 3D printing, blockchain, sensors, bio-tech, big data, etc.—that only a few short decades ago were capabilities only afforded by large governments and big organizations. And second, that these individuals are getting digitally connected to one another across the globe, thus enabling the formation of small, powerful, and agile teams that are able to collaborate and innovate in ways we, the human race, have never experienced.

At XPRIZE, we recognize two significant moments that are currently upon us with profound implications for humanity. First, that individuals are rapidly becoming more empowered to invent and innovate using democratized technologies—e.g., AI, robotics, 3D printing, blockchain, sensors, bio-tech, big data, etc.—that only a few short decades ago were capabilities only afforded by large governments and big organizations. And second, that these individuals are getting digitally connected to one another across the globe, thus enabling the formation of small, powerful, and agile teams that are able to collaborate and innovate in ways we, the human race, have never experienced.

We view the convergence of these two exponential trends as the emergence of a new social asset-class of problem-solvers. In layman terms, “We see immense opportunity resulting from the emergence of a planet of globally connected individual citizens walking around with super-computers, powering exponential technologies, in their pockets.”  

As society’s traditional problem-solvers struggle with the ability and agility to keep up with the exponential pace of change and related grand challenges facing humanity, we feel that many of our solutions will come from this emerging global “crowd” of problem-solvers. Ultimately, we are confident that these entrepreneurial citizens of the world, with the right incentives, can be activated to solve our own challenges facing humanity. Individuals. Empowered. Innovative. Motivated.

Based on this theory of change, at XPRIZE we leverage progressive and innovative methods to tap into this emerging asset of problem-solvers by using crowdsourcing, game-mechanics, and prize-theory as part of an overall incentive competition format and strategic approach. If engineered properly, an XPRIZE competition generates a critical mass of rapid experimentation across a diverse, innovative portfolio of solutions, resulting in exponential (10x) vs. linear (10%) IMPACT.

As the global leader in incentive competitions, operating as a non-profit for over two decades, we feel that the need is greater than ever to swiftly source “moonshot” breakthroughs to humanity’s grandest challenges…and we are optimistic that one of you will be that source.

Read On

Active XPRIZE Competitions

5 Teams
$15 Million

Phase:

Testing & Certification

5 Teams
$7 Million

Phase:

Testing & Certification

9 Teams
$7 Million

Phase:

Testing & Certification

10 Teams
$20 Million

Phase:

Testing & Certification

62 Teams
$5 Million

Phase:

Solution Development

5 Teams
$1.75 Million

Phase:

Testing & Certification

$10 Million

Phase:

Team Registration

Become a part of the future!

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