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XPCR Draft

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477 a. 478 479 b. 480 c. 481 482 d. What projects has your team completed in the past which demonstrate your team’s ability to complete your proposed project? What key skills does your team possess? What mentors or supporting infrastructure does your team have access to support your project? How will the XPRIZE award guarantee the success of your project? DRAFT FOR PUBLIC REVIEW & COMMENT 483 Evaluation: Expert, third-party judges from business, and government, and academia will 484 review proposals in October 2021. Judges will consider innovation, the ability to reach gigaton 485 scale, team resources and capabilities, and project plan feasibility when evaluating proposals. 486 Judges may reach out for further clarification or additional information if needed. 487 Conditions of Award: Award payments will be made in two tranches. The first tranche will 488 deliver 50% of the award at the time of award in November 2021. The second tranche will 489 deliver the remaining 50% of the award following the completion of a predetermined project 490 milestone, to be decided by the selection committee. Teams must provide progress reports at 491 each milestone. Teams must also provide evidence of IP rights in the form of an MOU 492 countersigned by their university’s technology transfer office or other suitable documentation. 493 Version 1.0, April 22, 2021. Copyright XPRIZE Foundation 24

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