Xynteo's Mahima Sukhdev and James Beresford and their Coral Survival team, are the grand prize winners of the prestigious 2018 XPRIZE Visioneering challenge. In winning the XPRIZE Visioneering challenge, they've been able to capture the attention of philanthropists and impact investors who have committed to channeling resources towards launching a prize fund focused on saving coral reefs.
"The 2018 XPRIZE Visioneering process allowed us to define audacious, yet achievable goals around the protection and restoration of coral reefs. Launching a big prize focused on these goals will attract the world's brightest minds and focus them on addressing this urgent challenge. We believe the innovations that emerge from this competition will help secure a future for our coral reefs", says Mahima, who is a Principal at Xynteo and specialises in social and environmental innovation strategy.
James emphasises that there are many great small-scale innovations occurring in labs that improve coral survival, but we need scalable solutions.
"As we don't know yet what solutions work at scale, we need to test as many as possible. That's why we need XPRIZE: success at scale will stimulate more investment, and more innovation", James, who is also a Principal at Xynteo, argues.
Osvald Bjelland, CEO of Xynteo, highlights that Mahima and James' efforts to protect coral reefs reflect Xynteo's mission of future-fit growth. "I am proud to be working with such talented and mission-driven individuals, helping advance Xynteo's mission to create a growth model that works with, not against nature", he says.
XPRIZE will now launch a multi-million-dollar competition where teams from around the world can enter to develop innovative and scalable solutions that will protect and restore our coral reefs. The prize is a four-year challenge where the winning team will demonstrate the highest number of surviving young coral across one square kilometer after a two-year field trial.
XPRIZE aims to capture the world's imagination and inspire teams to reach for breakthrough goals, spurring innovation and accelerating the rate of positive change. The most well-known example is the Ansari XPRIZE, which aimed to help launch the private space travel industry - the winning entry was 'Spaceship One', bought by Richard Branson and used to design Virgin Galactic's spaceships.