A handheld diagnostic medical lab created by two Stanford University graduate students took home the top prize in the first annual Presidents' "Change the World" Competition from the Institute of Electrical and Electronics Engineers (IEEE) last month--and its designers hope their NanoLab will revolutionize patient health care in poor countries worldwide.

With submissions from more than 200 undergraduate and graduate students around the globe, the competition called on students to develop unique solutions to real-world problems using engineering, science, computing, and leadership skills to benefit their community or humanity.

Stanford students Drew Hall, who is working on his doctorate in electrical engineering, and Richard...

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