From: Google Lunar XPrize
Posted: Wednesday, August 16, 2017
Today, XPRIZE and Google announce that $4.75M in additional Milestone Prize money will be available to Google Lunar XPRIZE finalist teams for achieving technological milestones along the way to the Moon. Teams can compete for one or both of the following prizes:
The Milestone Prize purses will be evenly distributed between all teams who have achieved each milestone by March 31, 2018.
“XPRIZE and Google are thrilled to offer these additional in-space Milestone Prizes as a further incentive for finalist teams and to recognize the full gravity of these bold technological feats taking place in the race to the Moon,” said Chanda Gonzales-Mowrer, senior director, Google Lunar XPRIZE.
Earlier this year, XPRIZE announced the five finalist teams with verified launch contracts: SpaceIL (Israel), Moon Express (USA), Synergy Moon (International), TeamIndus (India) and HAKUTO (Japan). Additionally, XPRIZE established a mission completion deadline of March 31, 2018, regardless of the initiation date, in order for teams to win the Grand or Second-Place Prizes.
In January 2015, five Google Lunar XPRIZE teams were awarded Milestone Prizes for a combined $5.25M in recognition of advancements in the areas of mobility, imaging and landing technology. If a team ultimately wins the Grand Prize or Second-Place Prize, then the Grand Prize or the Second-Place Prize will be reduced by the amount the team has won in Milestone Prizes.
About the Google Lunar XPRIZE
The $30M Google Lunar XPRIZE is an unprecedented competition to challenge and inspire engineers and entrepreneurs from around the world to develop low-cost methods of robotic space exploration. To win the Google Lunar XPRIZE, a privately funded team must successfully place a robot on the Moon’s surface that explores at least 500 meters and transmits high-definition video and images back to Earth. Visit http://lunar.xprize.org/ or @GLXP for more information.
XPRIZE, a 501(c)(3) nonprofit, is the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges. XPRIZE utilizes a unique combination of gamification, crowd-sourcing, incentive prize theory, and exponential technologies as a formula to make 10x (vs. 10%) impact in the grand challenge domains facing our world. Active competitions include the $30M Google Lunar XPRIZE, the $20M NRG COSIA Carbon XPRIZE, the $15M Global Learning XPRIZE, the $7M Shell Ocean Discovery XPRIZE, the $7M Barbara Bush Foundation Adult Literacy XPRIZE, the $5M IBM Watson AI XPRIZE, the $1.75M Water Abundance XPRIZE and the $1M Anu and Naveen Jain Women’s Safety XPRIZE. For more information, visit www.xprize.org/.GOOGLE LUNAR XPRIZE OFFERS $4.75 MILLION TO TEAMS WHO COMPLETE IN-SPACE MILESTONES ON WAY TO THE MOON
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