After 100 Days of COVID, XPRIZE Launches $5M Competition to Get Americans Back to Work
XPRIZE wants to solve the unemployment crisis in the US so they launched a $5M contest to reinvent job training methods to employ workers for good jobs.
XPRIZE has always held global competitions to find the best solutions to some of the world’s biggest challenges, and now they want to solve the problem of rising unemployment due to the pandemic.
On Monday, the nonprofit organization announced XPRIZE Rapid Reskilling to reinvent job training methods to reemploy the hardest hit communities.
Sponsored by the nonprofit philanthropy group, New Profit, the contest aims to find optimal ways to give workers new skills and secure employment amid drastic changes due to technological advances as well as COVID-19.
XPRIZE is inviting teams to develop new innovative ways that can be applied to multiple occupations. Teams must prove reskilling can be done two-times faster than current solutions and must be affordable, accessible, and collaborative.
The focus will be on over 80 specific occupations that are growing fast, require only a high school diploma or post-secondary certificate, and pay above a living wage. The goal is to set a new standard for how current and future generations of workers are trained for the jobs of tomorrow.