What do you think an XPRIZE competition concept in the area/on the topic of low-income communities could look like? In other words, how can XPRIZE use the incentive prize competition model to improve conditions or outcomes for low-income communities in the United States?
A well-designed XPRIZE has the following criteria:
- It is audacious but achievable
- It has a well-defined, measurable goal
- It focuses on developing and implementing innovations rather than influencing behavior or policy
Try not to get too hung up on things like prize purses at this stage. Think about the prize’s impact!
If you have an idea for a design, let us know in the comments! Or share any thoughts you might have about how these communities can be helped by an innovation prize competition.