The US$ 1 Million ( Rs 6 Crore) Genesis Generation Challenge 2014 is now accepting applications from around the world. Teams who are working on solving global problems and challenges facing society are eligible to take part in the contest.
The Social Entrepreneurship Challenge provides 10 funding grants worth US$ 100,000 (Rs 60 Lakh) each for the 10 finalists and connects them to mentors who can help bring their ideas to reality. The prize has been sponsored by the Billionaire and former Mayor of New York City Michael Bloomberg who will act as a mentor for the finalists. With a net worth of US$ 35 Billion, Bloomberg is the 16th richest man in the world.
Gensis Generation Challenge
Each team can have up to 10 members, with one team leader in the age group of 20-36. The minimum age for participation is 18 years. The contest is open for both Non-Profit Organizations and For-Profit Corporations.
The Last Date for Registration is 20th September 2014. Once you are registered you get an additional 4 weeks to complete and submit your detailed application. The entire challenge is expected to last for 4 months during which the entries will be reviewed by peers and an elite panel of judges. The winners who will receive the funding grants are expected to be announced in January 2015.
To know more and submit your application visit : https://www.genesis-generation.org/