The Schusterman Foundation has joined forces with Forbes, HeroX, the Wharton Social Impact Initiative, philanthropist Bob Duggan and the Case, Pratt and Keywell Foundations to offer social entrepreneurs a chance at a $1 million prize package to be divided among six finalists at the Forbes Under 30 Summit in October. The overall winner will receive at least $500,000 in cash and in-kind support.

The Competition is open to both nonprofit and for-profit enterprises piloting paradigm-shifting programs in one of the following areas:

• Education
• Healthcare
• Poverty
• Sustainable Development
• Inclusivity, Equality and Coexistence
• Women and Girl Empowerment

The competition calls on social entrepreneurs with disruptive and scalable ideas with the potential to change the world. It is open to both nonprofit and for-profit enterprises. This is not a business plan competition – organizations or companies must already be in operation and the prize money should be utilized to accelerate the most promising ideas.

Applications are open through August 26. Visit the Competition website for more for more information.