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Monday, October 22nd, 2018
Innovation Challenge Set to Award Best New Technology & Business Ideas
Thursday Jan 11, 2018 4:07am
Trine University • Angola, IN

By: James Tew

Entries are now being accepted for the fifth annual Innovation Challenge, with cash prizes available for the best ideas and concepts for business and technology.

Sponsored by Trine University's Innovation One and Fifth Third Bank (Central and Northeast Indiana), the contest is open to Trine University students, high school students and community members throughout the greater tri-state area.

For the technology category, participants are encouraged to submit concepts for technological inventions or advances. Participants who enter in the business category should focus on a new business idea or service. Cash prizes will be awarded for first through third place in both categories: $2,500 for first place, $1,000 for second and $500 for third. Prizes will also be given for best high school idea, best community idea and best university idea. The cash prizes are unrestricted, so winners are allowed to spend the money however they want.

Among the prize-winners in the fourth annual contest was Run in Charge, a business concept providing personalized, data-driven solutions for runners who struggle with injury, developed by mathematics major Brandon Beery. The concept has since advanced to the second round of the McCloskey New Venture Competition hosted by the University of Notre Dame.

Other top projects from 2017 were a device that could be strapped to backpacks and alert authorities when a scream is detected, a web-based repository for educators to develop and use effective homework problems in several subjects, and a vacuum attachment that allows professionals to remove mold with one tool.

Fifth Third Bank began supporting the five-year challenge in 2013 with a $100,000 gift for awards and scholarships.

There are no entry fees or age restrictions for the Innovation Challenge. The deadline for applying and submitting a project for consideration is March 16. The top 10 ideas will be showcased by the creators at the Innovation Expo in the Fabiani Theatre, located in the Rick L. and Vicki L. James University Center on Trine's campus, on April 20. The top three winners in each category will be announced and awarded that evening as well.

To get an application or for more information, visit www.innovation1.org, call (260) 665-4265 or email blumej@trine.edu.

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