X (Prize) Marks the Spot

By Eric Haun
Monday, March 10, 2014
“Through the prize, we aim to catalyze ocean acidification research, spur the development of the ocean services industry, inspire innovations in ocean sensing technology and stimulate the free market to meet the growing demand for ocean pH sensors by producing inexpensive, accurate and durable sensors that can be deployed on many platforms.” Paul Bunje, XPRIZE’s, Senior Director of Oceans

Wanted: Ocean pH Sensor Technology Reward: $2 Million

Nonprofit organization XPRIZE creates and manages large-scale, high-profile competitions that aim to stimulate research and development solutions to grand problems across a number of scientific fields. The group has previously held competitions targeting advances in personalized medicine, automotive fuel efficiency, oil cleanup and privatized space exploration, to name a few. For its latest competition, XPRIZE has partnered with the Wendy Schmidt Foundation to launch the $2 million Wendy Schmidt Ocean Health XPRIZE to spur global innovators to develop ocean pH sensors that it says will transform understanding of ocean acidification.
According to XPRIZE, the oceans absorb about one quarter of CO2 that humans release into the atmosphere, causing changes in water chemistry and increases in ocean acidity. “Ocean acidity is a serious threat we are only beginning to understand,” said ocean philanthropist Wendy Schmidt. “It could have significant ecological and societal implications, changing the health of entire ecosystems, affecting the global economy and the biodiversity of the planet.”
The competition’s goal is to ultimately catalyze responses to the pressing changes in ocean acidity by propelling the development of superior ocean pH sensor technology. “There are pH sensors available, but there are very few available options, many of which are too costly, imprecise and/or unstable to allow for sufficient knowledge on the state of ocean acidification,” said Paul Bunje, XPRIZE’s Senior Director of Oceans. “In particular, it has been difficult to measure pH with ease and accuracy in the coastal and deep ocean environments.”
In an effort to swiftly rectify shortcomings in current sensor technology, XPRIZE is offering $2 million in incentives (two $1 million purses: one for accuracy and the other for affordability).
Over a 22-month period, leading experts in ocean chemistry and measurement will gauge entrants’ ability to meet key factors including accuracy, precision and stability, as well as materials cost and ease of use. An independent judging panel will assign points throughout three competition trial phases: lab, coastal and sea. XPRIZE plans to announce the winners in Summer 2015.
Bunje said, “Through the prize, we aim to catalyze ocean acidification research, spur the development of the ocean services industry, inspire innovations in ocean sensing technology and stimulate the free market to meet the growing demand for ocean pH sensors by producing inexpensive, accurate and durable sensors that can be deployed on many platforms.”
And by offering large monetary incentives, XPRIZE believes breakthroughs are near, with far-reaching environmental and market results in the short and long term.
“This device would open the door to a new market of ocean services, research and data collection on a scale that does not currently exist,” Bunje said.
“If we compare this to the weather services industry for example, we are talking about a global opportunity that could develop into a billion-dollar industry. We also hope that innovative solutions will emerge that will help develop or enhance other ocean sensing technologies. XPRIZE has a lot of experience catalyzing the growth of new markets. For instance, the private space flight industry — worth more than $1.5 Billion today — did not exist before the Ansari XPRIZE.”
Bunje added, “We see this prize as the first step in unlocking the wealth of the ocean services industry. Ever-increasing amounts of data can become valuable information, including forecasting, that could be worth billions of dollars in the future, much as weather services are today. Technology has given us extraordinary progress over the last 100 years, and we believe this prize can spur the demand for data and the wealth of information latent in our oceans. When that happens, markets win and humanity wins.”
Registration for the Wendy Schmidt Ocean Health XPRIZE is open now through June 30, 2014. Entry fees are $1,000 per team until March 31, and $2,500 from April 1.
Teams are expected to come from diverse backgrounds, ranging from nanotechnology and biotechnology to industrial chemistry and marine science – from academic institutions, nonprofit organizations and small and medium enterprises – but XPRIZE said anyone with a creative idea to revolutionize ocean pH sensor technology is encouraged to compete. More information is available at xprize.org.


Quick Facts

What:        Wendy Schmidt Ocean Health XPRIZE
Prize pool:    $2m
Deadline:     June 30, 2014
Entry fee:    $1,000 per team until March 31
        $2,500 from April 1
Web:        www.xprize.org


(As published in the March 2014 edition of Marine Technology Reporter - www.seadiscovery.com)

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Denmark Adopts Digital Ship Certification

As of June 24, 2016, ships flying the Danish flag are being digitally certified, making Denmark one of the first countries to put an end to the 100-year-old tradition

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

US Navy Accepts Delivery of Future USS Montgomery

The U.S. Navy has accepted delivery of future USS Montgomery (LCS 8) during a ceremony on June 23 at the Austal USA shipyard in Mobile, Ala.   Marking the official


HCI Capital Renamed Ernst Russ AG

A vote was passed at the ordinary shareholders’ meeting of HCI Capital AG yesterday to change the company’s name to Ernst Russ AG. The Executive Board and Supervisory

ABP orders Two Gottwald cranes

Terex Port Solutions (TPS) has received an order from Associated British Ports (ABP) for two electric Terex Gottwald Model 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant.

Traffic Separation Schemes off Western Australia

On 1 December 2016 two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia. Australia’s proposal to establish

Marine Science

UK First to Accept Marine Geoengineering Amendments

The United Kingdom has become the first State to formally accept the 2013 marine geoengineering amendments to the 1996 “London Protocol”, the treaty covering dumping of wastes at sea.

Seven Indonesian Sailors Kidnapped in Philippines

Seven Indonesian sailors have been taken hostage in the Sulu Sea in the southern Philippines, Indonesia's foreign minister said on Friday, the latest in a string

Admiral of the Ocean Sea Award Recipients Named

The United Seamen's Service (USS) 2016 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Arthur E. Imperatore, Founder and President of New York Waterways; Donald Marcus,

Ocean Observation

World Trade Routes Won't be the Same with Expanded Panama Canal!

On 26th June 2016, a landmark development for the shipping industry will occur with the opening of the new third set of locks at the Panama Canal. Clarksons Research takes a look.

CMA CGM to use Kingston As Transshipment Hub

French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast,

Expanded Panama Canal Nears Inauguration

As the global shipping industry facing tough weather, the $5.25 billion expansion of the Panama canal is set to open Sunday (June 26), reports AP. The deeper,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Port Authority Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1236 sec (8 req/sec)