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DAVOS, Switzerland, Jan. 27, 2012 /PRNewswire/ - At the World Economic Forum Annual Meeting today in Davos, Switzerland, Microsoft Corp. announced the winners of the inaugural year of the Imagine Cup Grants program, a three-year, $3 million competitive grant program for student technology and social entrepreneurs. Grant recipients include Team Apptenders from Croatia, Team Falcon Dev from Ecuador, Team OaSys from Jordan and Team Lifelens from the United States. The teams invented solutions that address issues, such as accessibility, health and education, and use technologies that include Kinect for Xbox 360, Windows Phone, Bing Maps and more.
Winners of the grants were finalists at the Imagine Cup 2011 Worldwide Finals, a global competition now in its 10th year in which students use technology to solve the world's toughest problems. The Imagine Cup Grants program is focused on providing opportunities for young people by helping Imagine Cup competitors create a business or nonprofit to bring the benefits of their ideas to the world.
The grant packages include $75,000 (U.S.) for each team, as well as software, cloud computing services, solution provider support, premium Microsoft BizSpark account benefits and access to local resources such as the Microsoft Innovation Centers. Microsoft will also connect grant recipients with its network of investors, nongovernmental organization partners and business partners.
"The Imagine Cup Grants program showcases young people's ingenuity, entrepreneurial passion and real potential to solve tough real-world problems," said Brad Smith, executive vice president, Legal and Corporate Affairs, Microsoft. "Today's young people will become tomorrow's entrepreneurs, leaders and innovators and will build a better future for all of us if we give them the right opportunities."
During the World Economic Forum meeting, the captains from the winning teams joined Smith, as well as Bill Gates and other guests including Nancy Lublin, CEO of DoSomething.org, for a roundtable discussion on opportunity for youth. Participants discussed Microsoft's corporate citizenship focus on bridging the opportunity divide — an emergent gap between young people who have the access, skills and opportunities to be successful and those who do not. The group discussed the critical role young people will play in building the future and the challenges they will face without the right education, skills and support. The Imagine Cup Grants program is one way Microsoft is helping to create tangible connections between young people and job, career and life opportunities that will help them succeed.
Imagine Cup Grants Award Winners
The winning teams were selected from a pool of more than 50 applicants that competed in the Imagine Cup 2011 Worldwide Finals last year in New York. A judging panel of industry experts with knowledge spanning technology, venture capitalism, software development, startup culture and the nonprofit sector ranked each team based on specific criteria, including project impact and viability and team quality and motivation.
Microsoft will work with the grant recipients to tailor their individual support depending on the progress each team has made so far with its project. The timing for each team to launch its solution will vary as they work toward starting up businesses and nonprofit organizations.
About Microsoft Imagine Cup 2012
This year marks the 10th anniversary of Imagine Cup, which will be celebrated at the worldwide finals in Sydney, Australia, July 6–10. Students ages 16 and older are eligible to register and compete in Imagine Cup 2012 by visiting the Imagine Cup website at http://www.imaginecup.com. In addition to the Software Design and Game Design: Xbox and Windows competitions, categories include Windows Phone Challenge, Windows Azure Challenge, IT Challenge, Windows Metro App Style Challenge and Kinect Fun Labs Challenge. Last year, more than 350,000 students from 183 countries registered to compete for cash and other prizes.
SOURCE Microsoft Corp.My News
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