I am extremely pleased to announce the launch of the first of what I hope will be several Tulane Grand Challenge Prizes. In partnership with Tulane University, I have sponsored a $1 million prize to be awarded to the team or individual that achieves our goal of creating a significant and workable solution to hypoxia.
Our family's business was successful because innovation, an entrepreneurial spirit and risk-taking were at the heart of it. I have always believed that these same qualities are vital to solving critical social and environmental challenges. The grand challenge includes all of these principles.
When university president Scott Cowen and the Tulane team accepted my challenge to develop a grand prize competition, my goals were two-fold:
I am extremely pleased that we are already accomplishing many of our initial goals.
Once again my call to action today is:
I believe a market based solution which rewards innovation and risk taking has the potential to create a sustainable and significant new technology for addressing hypoxia. I am eager to work closely with Tulane during the course of our inaugural (and hopefully future) prizes to identify, reward and support this solution.
Tulane University, New Orleans, LA 70118 504-865-5000 email@example.com