The U.S. Patent and Trademark Office and the Abbott Foundation are sponsoring the 19th Annual Invent Now Collegiate Inventors Competition. Graduate and undergraduate individuals and teams will be competing for nearly $80,000 in cash prizes. Entries are judged on "originality of the idea, process or technology, and their potential value and usefulness to society."
Entry forms and more information about the competition including descriptions of past winning inventions are available from the Collegiate Inventors Competition site. The entry deadline is June 25, 2010.