The new prize — dubbed the Wendy Schmidt Ocean Health X PRIZE in honor of its funder, who previously funded the successful oil
spill cleanup prize that offered solutions to disasters like Exxon Valdez or BP's Macondo blowout in the Gulf — offers $ 1 million to the team that invents the most accurate sensors as well as another $ 1 million to the team that devises the most affordable and easy - to - use sensors.