Desperate or brilliant? Universities offering cash prizes for this

On April 4, the University of Minnesota will hold a spirited competition in which student teams are given 24 hours to come up with a solution to a real-world information technology problem.

Carlson School of Management is hosting the competition and local businesses such as General Mills and Target are sponsors. Teams are comprised three undergraduates and this year Minnesota will be competing against teams from Georgia, Texas, Maryland, Arizona, Connecticut, Indiana, and Michigan.

Nothing like a healthy competition to foster technology innovation, right? And there is a bonus incentive: First prize receives $500.

Competition co-founder Jessica Sun says “You’re basically put in a situation that mimics real-world IT problems. 24 hours is just a better test of inherent skills and knowledge.”

Do you think schools should hold more competitions to improve computer technology literacy in the United States? Competitions specifically offering money incentives?

Share your comments in the section below and join the conversation on Twitter @Michael_eSM.

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