Oxford University’s Said Business School has announced their 21st Century Challenge Competition offering up to $70,000 to the competition winner:

Applicants will be required to submit a 5-page Executive Summary of their idea by Friday 12th October 2007. The first round judging will take place in October by a
panel of entrepreneurs, academics and other key figures in the field and will reduce
the field to nine finalists (3 from each category).

The final of the competition will be held at the School on Thursday 29th November
2007. The nine finalists will present their applications to a judging panel before an
audience of venture capitalists, entrepreneurs, social entrepreneurs, policy makers,
academics and corporate guests.

A first prize of up to £35,000 will be awarded to the competition winner, along with
three runners-up prizes of between £5,000 – £10,000.

Chris Sacca (Head of Special Initiatives, Google) will be speaking at the launch next week as well.

Start your engines!