2020 and the first round will begin in September 2020. 2020 Rapid Covid Testing XPRIZE Rapid Covid Testing is a $6 million, six-month competition to develop faster, cheaper, and easier to use COVID-19 testing methods at scale. 2021 Gigaton Scale Carbon Removal Funded by Elon Musk and the Musk Foundation, the $100 million carbon removal competition is the so far largest incentive prize in history. It is aimed "to inspire and help scale efficient solutions to collectively achieve the 10 gigaton per year carbon removal target by 2050, to help fight climate change and restore the Earth’s carbon balance". In April 2022, XPRIZE and the Musk Foundation announced that in celebration of earth day, 15 teams have been designated as milestone winners in the $100 million XPRIZE carbon removal competition. The milestone winners have received $1 million each with the overall winners to be awarded $80 million in 2025. Board of directors The XPRIZE Foundation is governed by a board of directors that determine the annual roadmaps and act as stewards for the foundation. As of January 2018, the board of directors are: Anousheh Ansari, director Amir Ansari, director Avi Reichental, director Jack Bader, director Peter Diamandis, founder and executive chairman Gil Elbaz, director Eric Esrailian, director John B. Frank, director Salim Ismail, director James Manyika, director Gregg E. Maryniak, secretary Lauren Selig, director Jeffrey L. Shames, director Marcus Shingles, former chief executive officer J. Barry Thompson, treasurer Robert K. Weiss, vice chairman Board of trustees The XPRIZE Foundation has a board of trustees that provides insights on new technologies, grand challenges requiring significant innovation, and other areas that lend themselves to prize philanthropy. A sample of the trustees includes: James Cameron, trustee Jim Gianopulos, trustee Arianna Huffington, trustee Dean Kamen, trustee Ray Kurzweil, trustee Erik Lindbergh, trustee Larry Page, trustee Ratan Tata, trustee See also DARPA Grand Challenge Elevator:2010 Global Security Challenge H-Prize Hutter Prize Inducement prize contest L Prize Methuselah prize Orteig Prize References External links Non-profit organizations based in California Scientific research foundations in the United States Challenge awards Transhumanism 1995 establishments in California Organizations based in Culver City, California