XPRIZE Rapid COVID Testing was launched to create a $5 million, six-month competition to develop faster, less expensive, and easier COVID-19 testing methods that are scalable. The XPRIZE is the result of a coalition of companies including Exact Sciences to find innovative solutions to improve testing. The competition will encourage individuals and organizations to develop new testing methods that embody four principles:
- Frequency: Allowing for necessary testing at least weekly;
- Fast turn-around: A maximum of 12 hours from sample to result;
- Cost-effectiveness: An affordable price point for consumers; and
- Ease: The ability for self-collection.
XPRIZE plans to announce finalist teams by Sept. 15.
