- IE Financial Aid Blog - https://financialaid.blogs.ie.edu -

GMAC Prize = US$50,000 (for your best management education idea).

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 [1].

More information on the GMAC’s Management Education for Tomorrow (MET) Fund here [2].