Legatum Fortune Technology Prize

Came across an interesting story via a Google News Alert the other day:

Fortune this week announced the Legatum Fortune Technology Prize, an annual $1 million award intended to reward for-profit efforts to provide products and services to the poor through the use of technology.

So I guess it's time to stop working on these non-profit projects and come up with the next big for-profit thing to qualify for this prize. Especially after reading this paragraph:

For-profit business efforts both large and small will inevitably be the greatest in quantity sustainable, powerful and rapid means by which to bring greater wealth to the world’s poor, particularly in the developing world where such an approach has frequently failed to achieve drawing.

Not that I necessarily agree with this notion. But again, what do I care, I can win a million bucks, right? ;-)