In partnership with the Red Cross, The Paradigm Challenge is an annual competition that inspires youth innovation to address important social issues. The first annual Challenge sought to generate new ideas to prevent injuries and fatalities from home fires—America’s #1 disaster threat.
$1M Competition Helps Kids Access Innovative Play Spaces
Countless studies have shown that play is critical to the health and well-being of kids, and cities are increasingly recognizing the urgency of designing communities for kids and their families. Too many kids across the U.S.— especially those in low-income neighborhoods— are not getting the play they need to thrive.
Each year, the 43North business competition awards $5 million in cash prizes and services to some of the best and brightest entrepreneurs and startups from around the globe. Awards include a one $1 million grand prize, six $500,000 prizes and four $250,000 prizes.
The use of prizes to drive social change continues to grow in popularity. It also continues to evolve. In more and more cases, prize competitions provide recipients with resources to pursue their work even before they complete a proposed project. Under the right circumstances, argues author, Renya Reed Wasson, this model is superior both to other prize models and to traditional grantmaking.
GENIUS NY is an in-residence business competition accelerator at The Tech Garden in Central New York that goes beyond substantial direct investment. In addition to three grand prizes of up to $1 million, $600,000 and $400,000, the program also offers company stipends, housing, resources, programming, and connections, making it among the largest competitions of its kind across the globe.