The Inclusive Economy
MyMoneyAppUp: It's Not Too Late!
By Sean Luechtefeld on 08/08/2012 @ 09:30 AM
On June 27th, the U.S. Department of the Treasury, together with long-time CFED collaborators D2D Fund and the Center for Financial Services Innovation, kicked off the MyMoneyAppUp Challenge to solicit ideas from the public for mobile applications to help Americans shape their financial futures. The Challenge features two components: an IdeaBank to generate ideas for mobile applications, and an App Design Challenge that solicits more comprehensive mobile app designs for development.
Below is a brief update on the challenge and its progress to-date.
- The IdeaBank closed on August 2nd, with over 300 ideas submitted and it currently has more than 1,000 followers. After the public vote, the top 10 vote-getting ideas will then be in the running for cash prizes ranging from $250 to $1,000. You can browse the IdeaBank here.
- With nearly 600 followers, the App Design Challenge is still open. For those interested in submitting an App Design proposal, the deadline is 11:59 PM ET on Sunday, August 12. To learn more about how to submit an app design, go here. Once the call for App Design submissions closes, a small panel of expert judges will then review and score the proposals. Winners will be recognized at a September awards event held at the US Treasury Department in Washington DC, where $25,000 in cash prizes will be awarded. The Grand Prize winner will win $10,000; two Runners-Up winners will receive $5,000 each; and two Honorable Mentions will earn $2,500 each. To submit your App Design, go here. Remember, the App Design Challenge is for everyone and requires no technical know-how!
Stay tuned for more MyMoneyAppUp Challenge updates.