Microsoft Imagine Cup Grants will be awarded to help the students create Businesses and Nonprofits aimed at Global Change. Students from Croatia, Ecuador, Jordan and the United States receive funding and other support in the first year of the Microsoft Imagine Cup Grants program.
At the World Economic Forum Annual meeting in Davos, Switzerland, Microsoft Corporation 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 which address issues as accessibility, health and education, and use technologies which 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 highlights on offering 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.
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.