GMAC, the people behind the GMAT, are giving away US$250,000 (first prize is US$50,000 with 14 additional awards in values of US$10,000 to US$25,000) for the most innovative ideas on how to improve/innovate management education.  For its Ideas to Innovation Challenge, GMAC is seeking “ideas that are achievable, easily understood and able to demonstrate measurable results within a one- to three-year time frame,” according to a press release from the council.

While the best way to fund your program is to have a solid financial plan in place, making good use of Financial Aid when and where appropriate, if you’ve got a great idea for the GMAC competition, why not submit it?

More information on the Ideas to Innovation Challenge here.

More information on the GMAC’s Management Education for Tomorrow (MET) Fund here.


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