XPRIZE Foundation

XPRIZE Foundation

XPRIZE Foundation, founded in 1994 by Peter Diamandis, is a global nonprofit organization that designs and manages large-scale incentive prize competitions to solve humanity's grand challenges. XPRIZE competitions have total purses ranging from $1 million to $100 million, attracting teams from 100+ countries.

Active and Recent Prizes Relevant to Indian Startups

• XPRIZE Carbon Removal: A $100 million prize (funded by Elon Musk) for scalable carbon removal technologies — open to Indian cleantech startups
• XPRIZE Pandemic Response: Prizes for rapid diagnostic and outbreak management solutions — relevant for Indian biotech companies
• XPRIZE Rainforest: Biodiversity monitoring technology prize — relevant for Indian environmental tech startups
• XPRIZE Feed the Next Billion: $15 million prize for meat and seafood alternatives that match conventional products in taste, texture, and nutrition — directly relevant to India's growing alternative protein sector
• XPRIZE Water Abundance: Prize for atmospheric water generation — particularly relevant for water-stressed Indian states

Competition Format

XPRIZE competitions are open globally. Indian teams have participated in multiple XPRIZE competitions and are competitive given India's strong STEM talent pool. Winners receive multi-million dollar prizes plus global recognition and commercialization support.

Who Should Apply

Deeptech and moonshot startups working on climate, health, food, water, and space challenges — particularly those whose technology is breakthrough-level and can demonstrate measurable impact at scale.