Toxic algae - The Barley Prize
$10 MILLION PRIZE: FOLLOW-UP QUESTIONS
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The Everglades Foundation's George Barley Water Prize, presented by Scotts Miracle-Gro Foundation, is the largest water prize of its kind. Its aim is to spur innovation and uncover new technologies to solve the issue of harmful algal blooms caused by excess phosphorus. We spoke to Loren Parra the director of the George Barley Water Prize, on October 24. Follow-up questions for the Foundation's Board of Directors, sent earlier this week, can be found below.
WaterToday - Does the Everglades Foundation own any of the teams' IP ?
Everglades Foundation - The winning team has three years to bring the technology to market. If they fail to do so, The Everglades Foundation will assume ownership of the IP, as the priority is to bring this critical resource to market and improve water quality here in Florida, and around the world.
WaterToday - Does the Everglades Foundation offer to invest in the winner? I noticed one of the participants was saying that if they won they would pay back their investors.
Everglades Foundation - Each of our finalists is responsible for costs associated with the design and operation of their individual technologies throughout the 14-month Grand Challenge. As as prize administrator, the Foundation, provides the infrastructure, including the site to test and further the competing technologies.
WaterToday - Does the Everglades Foundation or the sponsor, Scotts Miracle-Gro Foundation, reserve the right to offer to invest in the winners
Everglades Foundation - The George Barley Water Prize is The Everglades Foundation's $10 million global initiative, devised & supported by the Foundation's Board of Directors. As prize administrator, The Everglades Foundation provides the infrastructure and environment to test and further the competing technologies, much like a tech incubator.
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