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Third Annual $50,000 Cade Museum Prize

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The Cade Museum Foundation is pleased to announce its third annual competition to encourage Florida inventors and entrepreneurs. The 2012 CADE MUSEUM PRIZE consists of a $50,000 cash award, funded through a generous grant from the Gainesville Community Foundation.

3rd annual cade museum prize

The Cade Museum Prize is an incentive competition for early-stage inventors and entrepreneurs in Florida. The primary goal of the Prize is to provide seed capital for projects that are moving in the direction of a product or service that has a practical application. While all types of entries are accepted, the most competitive are those in the early stages that are developing a truly innovative idea. Ideas from multi-disciplinary teams (or companies) formed for the purpose of advancing the idea are also favored.

The 2011 competition drew almost 100 entries and was won by Florida Sustainables which invented a plastic capable of biodegrading in 5-10 years, compared to 1,000 years for other plastics.  The other three finalists were Sol-Gel Solutions, the maker of an advanced air filtration system, Optima Neuroscience, which produces a brain monitor and software that simplifies diagnosis, and Xobotix, designer of a passive dynamic exoskeleton enabling severely handicapped people to walk.

The Prize is open to all Florida residents or Florida-based companies. At least one team member must be a full-time Florida resident or the company headquarters must be in Florida.   The deadline to submit an entry is January 13, 2012.  The first-round Sweet 16 finalists will be named in March and the Final Four competitors in April. The winner will be announced on May 11, 2012 at a gala event in Gainesville sponsored by InfoTech.

The Cade Museum for Creativity and Invention - located in Gainesville, Florida - is named for Dr. James Robert Cade, the physician, musician, researcher and inventor best known for leading the University of Florida team that created Gatorade.

The purpose of the Cade Museum is to inspire creative thinking, future inventors and early entrepreneurs. The first phase of the project will include the construction of a 21,000 square foot building with core exhibits on the neuroscience of creativity, the Gatorade story, and a space for creativity programs, lectures, and other activities.

For more information, contact Dorrie Hipschman, dhipschman@cademuseum.org, 352-371-8001.

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