Prizes

In total, a sum of $80,000 will be distributed to the four finalist teams, with the prize-winning team receiving $50,000.

The first prize of $50,000 will be distributed as follows: $5,000 to the sponsoring department or college as an unrestricted grant, and the remaining $45,000 divided equally among the student team members whose names appear on the final submission.

The remaining three finalist teams will receive $10,000 each, divided equally among the student team members whose names appear on the final submission.

Note:
This is an ideas competition; there is no guarantee that any of the submitted schemes will be carried forward.