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Students or teams of students receive a cash prizeof $10, 000 or $15,000 for undergraduate and graduate students, respectively. Award winners also received national recognition, exposure to science, business and other valuable communities that aid in implementation as well as a trip to MIT for the EurekaFest held annually in June.  The prize is not only a tool to recognize but to financially enable students to bring their already established inventions to makrer and to encourage the continual work towards experimentation and innovative thinking and action.