Musc Foundation: XPRIZE Carbon Removal

This four-year global competition invites innovators and teams from anywhere on the planet to create and demonstrate solutions that can pull carbon dioxide directly from the atmosphere or oceans and sequester it durably and sustainably. To win the grand prize, teams must demonstrate a working solution at a scale of at least 1000 tonnes removed per year; model their costs at a scale of 1 million tonnes per year; and show a pathway to achieving a scale of gigatonnes per year in future.

A $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.
After 4 years, judges will select the winners:
* $50 million paid to the single Grand Prize Winner

* $30 million to be distributed among up to 3 runners up

XPRIZE will also award up to US$5M to student teams in the Fall of 2021. These awards may fund participation in the XPRIZE Carbon Removal or the development of key supportive technologies. For more information, please refer to the Competition Guidelines.

As part of the competition students can participate as well (Student registarion- 1.10.2021)

Please note: Each team is responsible for raising the funds needed to build and demonstrate your carbon removal demonstration. XPRIZE provides an incentive to do this by promising a huge prize for the best working demonstrations.

https://www.xprize.org/prizes/elonmusk#prize-activity