As a group of companies realized the severe shortage of skilled manpower in technologically related fields could seriously cripple the industry, they set about rectifying the situation at the grass root level. They decided to make science and technology more interesting and exciting for students in school. As part of this initiative they set up various science fair competitions that would allow the students an opportunity to use their skill in science to create projects that would allow them to win good monetary awards. Money does make the world go round, and can be a major motivating factor with some cash prizes going as high as $100,000. Surely not a small amount for a student to win, I am sure parents will agree.
Depending on the competition that you enter you could win any amount of prize money. Some competitions reward all ten finalists with $1,000 and also pay for their round trip to the exhibition venue, like the Discovery Young Scientists Challenge. Others offer scholarships to prestigious universities if the winner would like to peruse higher education in a related field. Others like the DuPont Challenge Science Essay Competition may not be exactly dependent on a working project model, but again offer more immediate rewards such as a visit to Walt Disney World and Kennedy Space Center besides a $3000 cash award to the winner. These may be awards better suited to the enthusiastic youth participating in the events.
Besides the immediate benefit of exposure to the cream of the scientific world, and the possible benefit of a financial award, there is also a potential long term benefit. That of an exciting and promising career in the field of science and technology for the students. Just as much as high school football games are a talent pool for scouts to look for future college players, these science competitions are a hunting ground for potential employees for the technology related companies. You never know when a student may have a game changing idea which when developed correctly can be marketed for a tidy profit. The best part is that the student with the next big idea could just as well be you!