SoilKit, a lab-based soil testing technology based in Foley, has registered for the $100 million XPRIZE Carbon Removal competition that has a grand prize of $50 million.
The competition is aimed at tackling climate change by seeking global innovators to develop solutions that can pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently.
“Our AgriTech Corp. Team is very honored to participate in this contest. This is an endeavor that pairs well with our SoilKit product,” said Founder & CEO Christina Woerner McInnis. “We are going to employ average consumers to be a collective group of citizen scientists who make simple changes that together make a dynamic impact.”
XPRIZE Carbon Removal launched on Earth Day 2021.
“The goal of this CO2 Removal XPRIZE is to turn ideas into a demonstration, and turn PowerPoint solutions into hardware,” said Peter Diamandis, founder and executive chairman of XPRIZE. “By launching the largest prize competition in history, our hope is to focus the brainpower of engineers, scientists and entrepreneurs around the world to build solutions that actually work, at low-cost and at massive scale.”
In addition to the grand prize, $30 million will be awarded to three runners-up and other prizes will be given to student teams and other teams along the way.