Your great ideas could pay off in
Trine's new Innovation Challenge
ANGOLA, Ind. – What's your idea? Don't keep your great idea to yourself. Enter it in Trine University's Innovation Challenge for a chance to win scholarships or money to advance your ingenious idea.
Trine University's Innovation One is offering the Innovation Challenge presented by Fifth Third Bank to find the best ideas and concepts for business and technology. A panel of judges will select finalists who will present their ideas in April. Winners will be publicly announced.
Fifth Third Bank (Central and Northeast Indiana) is supporting the five-year challenge with a $100,000 gift for awards and scholarships. The challenge is open to residents and students in Indiana, Michigan and Ohio.
For the technology category, participants are encouraged to think about technological inventions or advances while entries in the business category should focus on a new business idea or service. Cash prizes will be awarded for first through third place in each category. First place is worth $2,500, with $1,000 for second and $500 for third. Prizes will also be given for Best High School Entry, Best University Entry and Best Community Entry. Cash prizes are unrestricted so winners may use the money to advance their idea or spend it another way.
"I'm excited to see the top-notch ideas this contest will generate," said Tom DeAgostino, Innovation One director. "I've talked with area residents who have new ideas and methods, and I encourage everyone to take the Innovation Challenge and promote their concepts. This challenge could yield the next great idea."
Contests similar to this challenge have brought new ideas to market and could result in life-saving technology. Earlier this year, a Maryland teen won a science fair by finding a potential way to test for pancreatic cancer. The wunderkind has since been traveling the world to share his story and research.
"Fifth Third Bank has a long-standing commitment to economic development in each of the communities it serves," said Nancy Huber, president of Fifth Third Bank (Central and Northeast Indiana). "Innovation One is a great opportunity to reward the best and brightest minds in the region with the support and encouragement needed to help the community grow."
It's free to enter the Innovation Challenge and there are no age restrictions; so, don't delay, get those ideas in today by completing an application and submitting it by Jan. 10. Full project submissions will be accepted between Jan. 1 and March 1, 2014. A competition open house is set for April 10, 11 and 12 and winners will be announced April 12. To get an application or for more information, visit www.innovation1.org, call 260.665.4133 or email firstname.lastname@example.org.
Innovation One, housed in Trine's new Jim and Joan Bock Center for Innovation and Biomedical Engineering, is a venture that brings ideas to market by providing expertise and services to help promote economic growth in Northeast Indiana and the region. It offers a range of services that enables students from every area of study to get involved. Among the services offered are engineering consulting, prototyping, research and development, testing and assessment and market research. For more information about Trine's Innovation One, visit Innovation1.org.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $126 billion in assets and operates 18 affiliates with 1,326 full-service Banking Centers, including 104 Bank Mart® locations open seven days a week inside select grocery stores and 2,374 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 25% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2013, had $318 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC.