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*'''Outcome: '''In 2013 the 1<sup>st</sup> place prize went to students from Sasin Graduate Institute of Business Administration for a prebiotic syrup. In 2005, a UO student group placed 3<sup>rd</sup> for a battery replacement for transceivers and sensors.
=== Spark Grants ===
*'''Background''': A brand new, small funding opportunity of $500 to get a project off the ground. Starting Fall 2017.
*'''How it works: '''Any student can submit an idea with a purpose and a plan. Students then have 6 weeks to develop and prototype their project. The students will have to present their product at the end of the 6 weeks. Possibly have their idea funded further with Rainmaker Grants
*'''Mission''': Remove a barrier to starting a project.
=== Rainmaker Grants ===
*'''Background''': Five yearly grants of $5000 for developed ideas and projects.
*'''How it works''': Students will need to demonstrate a well constructed and planned project or prototype. Ideally stemming from a Spark Grant.
= '''Encouraging faculty innovation and entrepreneurship''' =