Feb 18, 2014 4:52 AM by AP
NEW ORLEANS (AP) - There is a $1 million prize available to the person who can devise the best way to resolve the "dead zones" that appear in oceans and lakes around the world.
Tulane University unveiled its Grand Challenge competition Monday. It seeks new ways of fighting hypoxia, the condition that occurs when water becomes depleted of oxygen and struggles to support sea life. Scientists attribute hypoxia to fertilizers that river currents carry into oceans and lakes.
New Orleans CityBusiness reports the Patrick F. Taylor Foundation is funding the prize. It will be awarded to the entrepreneur who can develop a scaled and marketable operating model to effectively reduce hypoxia.
Although registration is not open, Tulane is accepting public comment and letters of intent to compete. They can be emailed to email@example.com.