Do you have a great idea? There is still time to enter it in this year's I3 competition. The directors of the Harvard Innovation Challenge have announced a brand new TECH Prize, sponsored by North Bridge Venture Partners. In light of this change, the deadline for project submissions has been extended to Feb. 5.

The TECH Prize is named after the Technology and Entrepreneurship Center at Harvard, and has been awarded yearly to Harvard College seniors. North Bridge Venture Partner's donation will increase the total prize to $15,000. Additionally, I3 has decided to open up the contest to graduate students from all Harvard schools, said Alex R. Gerson '12, who is organizing the competiton. Because the competition is open to a new group of students, the deadline has been pushed back.

The Innovation Challenge is presented annually by Harvard Student Agencies (HSA) and TECH and awards grants to innovative projects. This year, they said they received a record number of applications.

Photo courtesy of the Harvard College Innovation Challenge