X Prize Foundation Launches $2.25 Million Nokia Sensing X Challenge
X Prize Foundation Launches $2.25 Million Nokia Sensing X Challenge
The X Prize Foundation and Nokia have announced the launch of the Nokia Sensing X Challenge, a $2.25 million global competition designed to stimulate the development of health sensors and sensing technologies with the potential to drastically improve the quality, accuracy, and ease of monitoring one's health.
Improvements in such technologies will enable individuals to monitor and collect their own health data in real time, providing consumers and healthcare providers with convenient access to critical information when and where it is needed. It is anticipated that the solutions developed as part of the challenge may also be used as part of a team's efforts to win the $10 million Qualcomm Tricorder X Prize, a competition announced earlier this year which aims to drive the development of hand-held devices that give consumers access to health care.
The total amount spent annually on health care in the United States is over $2 trillion, or more than 15 percent of the nation's gross domestic product. According to the X Prize Foundation, health sensors have the capacity to improve, extend, and ease delivery of healthcare services while reducing costs to the benefit of healthcare providers and their patients.
The Nokia Sensing X Challenge will include a series of three events over the next three years, with each event comprising three phases: registration, preliminary judging, and final phase judging. The winners of each competition will be the teams that submit best-in-class technology as determined by a nonpartisan panel of cross-functional industry experts.
"Health sensing technologies enabled by artificial intelligence, lab-on-a-chip, and digital imaging are advancing exponentially and will ultimately integrate with your phone. We need to expand sensor and sensing technology beyond disease management to areas such as public health and fitness," said Peter H. Diamandis, chairman and CEO of the X Prize Foundation. "The Nokia Sensing X Challenge will bring about radical innovation in health sensors and sensing technologies, which paves the way for better choices in when, where, and how individuals receive care. Ultimately, health care will be more convenient, affordable, and accessible to consumers worldwide through these integrated digital health solutions."
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