ORGANIZATION NAME: Musk Foundation
DESCRIPTION: XPRIZE Carbon Removal is aimed at tackling the biggest threat facing humanity - fighting climate change and rebalancing Earth’s carbon cycle. Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history, an extraordinary milestone.
Team registration opens with the announcement of the full competition guidelines on Earth Day, 2021. The competition will last for 4 years through Earth Day 2025. XPRIZE teams come from all around the world. Teams can be composed of university groups, high school students, startups and innovators, small to midsize companies, community-based organizations, families or individuals. Registering to create or join a team is one of the first steps you can take to help create a better future for all.
The $100M prize purse will be distributed as follows: After 1 year of competition the judges will review all submissions received by that time and award up to 15 Milestone Prizes of $1 million each. At the discretion of the judges, these awards may be granted on a conditional basis, subject to the team’s demonstrated commitment to continuing to develop and advance their solutions and to compete for the Grand Prize.
Milestone Registration Deadline: December 1, 2021, Phase 2 Ends April 22, 2025
AVAILABLE FUNDING: $100,000,000.00
MAXIMUM AWARD AMOUNT: $1,000,000.00
APPLICATION DEADLINE: 4/22/2022