XPRIZE, a platform for impact that leverages competition to catalyze innovation, has announced the launch of the XPRIZE Racial Equity Alliance (REA).

REA partners include presenting sponsor Intel, supporting sponsors eBay Foundation, Comcast NBCUniversal, and AARP, and eighteen additional partners in industries across the private sector, government, academia, and philanthropy that aim to accelerate solutions for racial, social, and economic justice in the United States. The alliance will design competitions and projects across seven primary tracks of work, including economic empowerment, education, health, food security, environment, workplace equity, and criminal justice reform. The REA launch includes the Ideas Competition, a four-month, $50,000 challenge to generate ideas for future XPRIZE incentive competitions with the goal of advancing education equity.

“The key toward meaningful social change is unlocking human potential,” said XPRIZE Racial Equity Alliance director Damon Woods. “The XPRIZE Racial Equity Alliance will leverage collaboration and innovation to produce tangible impact.” 

(Photo credit: Getty Images/Pesky Monkey)