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In its ongoing efforts to support innovative graduate management education, GMAC’s philanthropic Management Education for Tomorrow Fund is putting up to US$10 million to identify innovative ideas and turn them into reality.
Launching July 21, the two-part Management Education for Tomorrow Ideas to Innovation (I2I) Challenge will award US$250,000 for the top ideas─including US$50,000 for the top idea. Open to individuals worldwide, the challenge asks simply: What one idea would improve graduate management education?
In the second phase of the competition, the MET Fund will post the top ideas on its website, gmacmetfund.org, where schools and other not-for-profit organizations can submit proposals to turn any of the ideas into reality. The MET Fund will fund a number of the proposals to turn those initial ideas into a global management education innovation.
“With the GMAT exam, GMAC helps identify talent for graduate management education, wherever in the world it may be. With the Management Education for Tomorrow Ideas to Innovation Challenge, GMAC will recognize specific proposals to improve the system and underwrite the most promising efforts to turn those ideas into reality,” said GMAC President and CEO Dave Wilson. “The I2I Challenge recognizes that like talent, true innovation may be found anywhere.”
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