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What Are the Benefits of Prize Competitions?

Prize competitions like those organized by the XPRIZE Foundation offer:
- Incentivized Innovation: Substantial monetary rewards motivate researchers to pursue ambitious and high-risk projects.
- Diverse Participation: These competitions attract talent from various disciplines, fostering interdisciplinary approaches to epidemiological challenges.
- Accelerated Progress: By setting clear goals and deadlines, prize competitions drive rapid advancements in research and development.

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