The Wege Prize is an annual competition that ignites game-changing solutions for the future by inspiring college/university students around the world to collaborate to redesign the way economies work. Participants contend for over $30,000 in total cash prizes, all while helping to show the world what the future of problem solving looks like. The deadline is on 10 November 2019.
For Wege Prize 2020 they will be revisiting the following problem: How can we create a circular economy?
Wege Prize teams must leverage their transdisciplinary makeup to collaboratively design and propose a solution to a wicked problem of their choosing that can, in turn, help solve the wicked problem of transitioning from a linear economic model to a circular economic model.
Possible solutions include, but are not limited to:
- Products
- Services
- Businesses or non-profit organizations
Over the course of nine months and four distinct phases, Wege Prize teams will grow their ideas from an informal research plan into a fully-developed solution that can be prototyped and tested in the real world.
Winning teams will split the following awards evenly between their five members:
First Place: $15,000USD
Second Place: $10,000USD
Third Place: $5,000USD
Main criteria
To be eligible to participate on a Wege Prize 2020 team, you must:
- Attend a college, university, or equivalent institution of higher education anywhere in the world;
- Be a student enrolled in a full-time (or equivalent) undergraduate or graduate program for the duration of the competition. Teams can be composed of both undergraduate and graduate students if they so choose;
- Teams must have exactly five members who represent at least three (3) different academic disciplines and at least two (2) different institutions of higher education.
Read more here.
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