The XPrize competitions provide monetary incentives to crowdsource solutions to the world’s grand challenges. Originally started in 1994 to spur the development of private spaceflight, the XPrize program now offers prizes for diverse fields including Oceans, Learning, Health, Energy, Environment, Transportation, Safety and Robotics.
The circular economy refers to the concept of an economic system in which there is no waste. Materials are recycled, repurposed and reinvented to create new raw materials thereby reducing the need to extract new resources and thus saving money, energy and water resources.
