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The Barbados government is in the process of raising millions of dollars as part of a US$20 million prize money for a coral restoration competition.
The Mia Mottley-led administration recently signed a memorandum of understanding with Xprize, a non-profit organisation that prides itself on designing and operating incentive competitions “to solve humanity’s grand challenges”, to jointly raise the prize money for the Xprise Coral Restoration competition.
The competition, which will span several years, is intended to identify innovation needed to “restore the earth’s coral reefs at an unprecedented speed and scale” through one of the world’s single largest ever coral restoration efforts.
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