Sir Richard Branson, the founder and chairman of the multinational company Virgin Group Ltd. and also a member of the prize Jury, encouraged high school students to submit ideas for the Zayed Future Energy Prize in a video released in Youtube last month.
In the minute-long clip which was already viewed more than 40,000 times in Youtube, the billionaire business magnate invited students to enter the contest to turn their energy-saving ideas into reality.
The Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan announced the launch of the prize giving body in 2008 at the World Future Energy Summit to honor his late father’s vision of environmental stewardship.
The prize offer is US $4 million and is awarded every year to five different categories; global high schools, small and medium enterprise, non-governmental organization, large corporation and lifetime achievement. For the large corporations category, corporations must have an annual revenue exceeding $100 million. To qualify for the small and medium enterprise category, candidates must be profit seeking enterprises with annual revenues less than $100 million. The non-governmental organization category is open for all non-profit organizations as long as their operations are directly related to sustainable energy. The lifetime achievement category is open to individuals with exceptional impact on the industry with known personal achievements over at least a decade. And lastly, the global high schools category is open for secondary schools in five regions in Asia with the aim of encouraging future generations to support sustainability.
The contest registration will be closed on July 14th.