The team or individual with the most ingenious entrepreneurial idea to change the world wins the grand prize of $50,000 in seed funding to launch or expand their idea.

The Tomberg Family Philanthropies encourage the development of effective and practical solutions to environmental sustainability by challenging students to dream green. Competition entries addressing the environment are eligible to win a special $10,000 prize.

Contestants entering the competition will be notified of their eligibility to win the Tomberg Prize when the semifinalists are announced. The Tomberg Prize winner will be awarded at the reception following the final round of competition in May.

Each of the three finalist teams automatically qualify for a spot on the GlobalGiving website, providing the opportunity to secure additional capital and exposure to donors worldwide. GlobalGiving, www.globalgiving.com, is the leading Internet-based network for peer-to-peer philanthropy.