CAMBRIDGE, Mass., Feb. 16 (UPI) -- The president of Harvard University has offered $100,000 to students who come up with solutions to some of the world's biggest problems.
"The world's most pressing problems heed no borders and to better address them we need to work across boundaries to formulate solutions," Harvard President Drew Faust said in a statement Wednesday.
The President's Challenge, hosted by the new Harvard Innovation Lab, is intended to get students from different disciplines to respond to problems such as poverty and global warming, the Boston Herald reported.
The 2012 Challenge will kick off later this month when a faculty panel will select five important social issues to be presented to students.
The 10 teams participating in the challenge will be announced in early April.
A grand-prize winner and up to three runners-up will be named and awarded a share of the $100,000 prize shortly before commencement.
"The great thing about students is they don't know what's impossible," said Joe Lassiter, professor of management practice and faculty chairman of the Harvard Innovation Lab.
