The competition, a featured event for the 2012 Global Entrepreneurship Week ( Nov. 12-18), featured groups of two or more students competing in up to six innovation challenges by creating a new, unique or innovative product or service to address that market niche. Teams showcased how their product or service will impact people's daily lives and how they will market their innovations. Submissions consisted of a description of their entry, a marketing pitch for the product or service, a customer profile and a 60-second commercial.
NFTE was proud to have Microsoft as the presenting sponsor of the World Series of Innovation and sponsor of the "Mobile Game" and "Mobile App" design categories, challenging students to create tablet/smartphone apps and games that raise awareness and provide solutions for common student and school issues. Microsoft will also explore the option to connect the winning teams with a development partner to take the idea and bring it to market.
The students in each winning team receive a total grant of $2,000 from the sponsors and NFTE plus $500 for their school or youth serving organization as well as a Microsoft Xbox Kinect bundle. The students of each winning team also received prize packages from their categories' sponsors, such as a mobile device from Microsoft and gift cards from Coca-Cola and Amazon, and merchandise from Sean John .
For more information, visit http://innovation.nfte.com/About the Network for Teaching Entrepreneurship Too many young people today drop out of school and struggle to break the cycle of poverty. Since 1987, the Network for Teaching Entrepreneurship (NFTE) has been inspiring young people to pursue educational opportunities, start their own businesses, and succeed in life. By providing entrepreneurship education programs relevant to the real world, NFTE empowers students to own their educations in and out of the classroom and to find their own path to success. Hundreds of thousands of students have discovered opportunity all around them through entrepreneurship via thousands of certified educators worldwide. NFTE supports active programs in 18 states and 11 countries around the world. Entrepreneurs are a powerful driver of economic growth and NFTE sows the seeds of innovation in students worldwide. For more information, visit www.nfte.com. CONTACT: Alyssa Miller, +1-973-615-1292, firstname.lastname@example.org SOURCE Network for Teaching Entrepreneurship