ARROW ELECTRONICS ESTABLISHES INNOVATION PRIZE AT COLLEGIATE INVENTORS COMPETITION
NORTH CANTON, Ohio – March 30, 2017 – A $50,000 grant from Arrow Electronics of Centennial, Colo., will fund the new Arrow Innovation Prize at the Collegiate Inventors Competition®.
A panel of judges from Arrow will select a student team participating in the Competition to be awarded the Arrow Innovation Prize. This exclusive prize advances the selected team to the final round of judging (all expenses paid) at the November competition held at the United States Patent and Trademark Office (USPTO) Headquarters in Alexandria, Va. The Arrow Innovation Prize also includes a private networking opportunity for the student team with a group of innovators from Arrow Electronics — a Fortune 150 global technology-solutions provider.
“The Arrow Innovation Prize is an ideal way for Arrow to further its mission of guiding today’s innovators to a better tomorrow,” said Alex West, global corporate social responsibility manager at Arrow. “We can’t wait to see the transformational inventions these exceptional students present and how Arrow can help move their ideas forward.”
“The Collegiate Inventors Competition recognizes and rewards our nation’s brightest young entrepreneurs and innovators,” said Michael Oister, National Inventors Hall of Fame CEO. “This year, our partnership with Arrow Electronics will allow us to expand the amazing talent pool, engage the country’s most innovative universities, and provide the unique opportunity for students to connect to Arrow’s global technology leaders.”
Student innovators and entrepreneurs in higher education have an opportunity to meet the country’s foremost invention and intellectual property experts, and showcase their work, at the Collegiate Inventors Competition. This nationwide program recognizes America’s most innovative students for their emerging ideas in science, technology, engineering and other disciplines.
Inventions are judged by a panel of National Inventors Hall of Fame Inductees and USPTO experts — the most influential innovation experts in the country — for real-world feedback on optimizing the potential of each invention.
Competition Finalists will showcase their inventions and interact with thousands of attendees — including USPTO examiners, event sponsors, media and the public — at the Nov. 3 Expo and Awards Ceremony. Prizes will be awarded to the top three Finalist teams ($10,000, $5,000 and $2,500), along with their advisers, in the undergraduate and graduate divisions.
The Collegiate Inventors Competition is a program of the National Inventors Hall of Fame. The United States Patent and Trademark Office is a Presenting Sponsor, with additional support from Arrow Electronics.
About Arrow Electronics
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations serving over 90 countries. Arrow embodies Five Years Out thinking and guides innovation forward with customers, suppliers and business partners as well as within the community. Defining Five Years Out as the tangible future, Arrow looks to navigate the path between what is possible and what is practical to help create the future of everything from cars to coffeemakers. Learn more at www.fiveyearsout.com.
About the Collegiate Inventors Competition
The Collegiate Inventors Competition encourages and drives innovation and entrepreneurship at the collegiate level. A program of the National Inventors Hall of Fame, this Competition recognizes and rewards the research, innovations and discoveries by college students and their advisers for projects leading to inventions that have the potential of receiving patent protection. Introduced in 1990, the Competition has awarded more than $1 million to students for their innovative work and scientific achievement through the help of its sponsors.
National Inventors Hall of Fame
330-968-4332, ext. 6085