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The Cade Museum Foundation announced it will sponsor an annual competition—beginning in 2010—to recognize and promote Florida innovators. The award will consist of a $50,000 cash prize, plus one year of in-kind support provided by the Gainesville Chamber of Commerce and admission to the Gainesville Technology Enterprise Center incubator program. The competition is open to Florida-based innovators. Project summaries should demonstrate that the ideas are innovative, creative, interdisciplinary and commercializable.

"The long-term goal of the prize is to promote the culture of innovation and to tap the tremendous job-creating potential of the brilliant ideas springing forth from this region every year," said Richard Miles, Executive Director of the Foundation.

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