The people who create the GMAT are holding a contest and awarding $250,000 in prize money, with $50,000 going to the first place winner. Below is a summary from the webpage.:
Ideas to Innovation Challenge
The MET Fund Ideas to Innovation Challenge seeks to find the world’s best ideas for improving graduate management education and then to fund the top proposals, turning the best ideas into active innovation. Open to individuals worldwide, the challenge asks simply:
What one idea would improve graduate management education?
GMAC recognizes that educational attainment is highly correlated to individual and national prosperity, and management education plays a key role in the development of societies. Business education is offered at more than 12,000 institutions worldwide, and each year, nearly 500,000 people receive graduate degrees in business and management administration.
The governing body of GMAC Member Schools is committed to supporting the development of and increasing access to quality management education worldwide. With the METFund, GMAC plays a leading role in this realm by directly supporting initiatives to improve and expand access to quality management education. Most recently, the Council renewed its commitment to the PhD project, an award-winning program aimed at increasing diversity in the faculty of US business schools.
If you’d like to submit an entry, go to their website by clicking here.