An economic case for competing in the XPRIZE Rainforest contest (commentary)
by Jonah Wittkamper on 1 March 2021
In 2019, XPRIZE Rainforest opened its doors and challenged the world to develop new biodiversity assessment technologies by offering a $10 million prize for the best one.
In this commentary, Jonah Wittkamper, President of the Global Governance Philanthropy Network and co-founder of NEXUS, makes an economic argument for participating in the contest.
Wittkamper says a great deal of value could be unlocked with the ability to rapidly assess rainforest biodiversity.
This post is a commentary and does not necessarily reflect the views of Mongabay.
In 2019, XPRIZE Rainforest opened its doors and challenged the world to develop new biodiversity assessment technologies by offering a $10 million prize for the best one. The consequent mobilization will extend over 5 years, will inspire the creation of various new biodiversity tech companies, and can help us discover many new ways to ensure that the Amazon rainforest is worth more alive and standing than cut and burned.