Grand Challenges are socially innovative approaches to addressing problems that natural market forces have failed to solve. In 1927 Charles Lindbergh claimed the Ortegi Prize and $25,000 when he became the first to fly from New York to Paris. Recent examples and successes include the human genome project and the Ansari Prize resulting in the introduction of commercial space travel.
As defined by the White House, "Grand Challenges are ambitious, yet achievable goals to solve society's biggest issues through innovation and breakthroughs in science, technology and implementation strategies."
Tulane University's Grand Challenge "Water Innovations: Reducing Hypoxia, Restoring our Water" will seek technical market based solutions to combat hypoxia, a deadly deficiency of oxygen in water created by the excessive growth of phytoplankton.
Tulane University, New Orleans, LA 70118 504-865-5000 firstname.lastname@example.org