Finalists will be announced mid-December
Tulane University continues to tap into the genius of worldwide entrepreneurs, researchers and inventors by offering a new and expanded $1 million Grand Challenge. The Tulane Nitrogen Reduction Challenge is seeking innovative in-field solutions that will reduce crop fertilizers and runoff, with the goal of combating hypoxia and global “Dead Zones” in the world’s lakes and oceans.
I am extremely pleased to announce the first of what I hope will be several Tulane Grand Challenge Prizes. In partnership with Tulane University, I have sponsored a $1 million prize to be awarded to the team or individual that achieves our goal of creating a significant and workable solution to hypoxia.
Our family's business was successful because innovation, an entrepreneurial spirit and risk-taking were at the heart of it. I have always believed that these same qualities are vital to solving critical social and environmental challenges. The grand challenge includes all of these principles.
I believe a market-based solution which rewards innovation and risk taking has the potential to create a sustainable and significant new technology for addressing hypoxia. I am eager to work closely with Tulane during the course of our inaugural (and hopefully future) prizes to identify, reward and support this solution.
Tulane University, New Orleans, LA 504-865-4000 email@example.com