Got an idea but nowhere to pitch it? Try Intel and Facebook

December 1, 2011

Have you dreamed up the next social media sensation, energy-efficient engine or hot consumer gadget but don’t know where to pitch your idea? If you’re between 18 and 24 years old, log onto Facebook.

Intel and Facebook are teaming up in a new program called Intel Innovators to give young people a forum to debut new ideas and give feedback on other people’s. And $100,000 a month are up for grabs to help turn winning concepts into real start-ups — as long as you’re in the United States.

Through the Intel Innovators platform on Facebook, participants can lay out their business ideas and receive suggestions from fans to help refine and improve their plans.

Once a month, a panel of experts including venture capitalists from Intel Capital, SV Angel and Betaworks will award $50,000 to one participant. And the Facebook fan who has built up the most “social capital” by providing feedback to participants will be allowed award another $50,000 to the entrepreneur of their choice.

Would-be Silicon Valley leaders of tomorrow have already pitched several ideas, including a medical tool for collecting bone grafts, a high-tech tent for homeless people and a web application to help patients find affordable prescription medicine. Are we about to discover the next Mark  Zuckerberg?

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