XPRIZE, one of the worldâs leader in designing and operating incentive competitions to solve humanityâs grand challenges, sponsored by nonprofit venture philanthropy organization New Profit and in partnership with JFF, March 8 announced 10 teams, including one team led by Indian Americans, to the Qualified Teams round of the competition.
Among the 10 teams from 4 countries advancing in the $5M XPRIZE Rapid Reskilling competition was Ramji Raghavan-led and Ajay Sharda-led Pragya Systems.
The Cambridge, Massachusetts-based Pragya was founded with a vision of significantly improving the quality and relevance of higher education while reducing its cost. Pragya has launched a new class of higher education technology focused on dramatically simplifying the flow of information on and off campuses for students, faculty, administrators, alumni and employers, the company site explains.
qualified teams in the $5 million
XPRIZE Rapid Reskilling global competition.
Launched in June last year, the XPRIZE competition incentivises teams to develop and demonstrate the effectiveness of a quick training and reskilling solution for individuals most vulnerable to employment loss in the US. As we saw unemployment reach new heights and some jobs completely eliminated as automation accelerated during the pandemic, the XPRIZE Rapid Reskilling competition became
critical in providing pathways to gainful long-term employment, XPRIZE CEO Anousheh Ansari said in a statement.
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There were 118 entries from 20 countries. The 10 qualified teams from 4 countries will now move to the Qualified Teams round of the competition.