The Canadian Youth Business Foundation (CYBF) has created an innovation contest to promote Global Entrepreneurship Week, which runs from November 14th to 20th, 2011.

On September 26th, eligible participants will be asked to turn their minds to creating new value out of an everyday object. YOU Innovate Canada participants will use that object as the raw material to create a new innovation, define its value and submit a brief video about their innovation or the chance to win cold hard cash provided by Studentawards.com.

The contest has $25,000 in prizes.

• Fourteen regional awards of $1,500 in cash
• National cash award of $4,000
• Trip to Liverpool, England to attend the Global Entrepreneurship Congress (March 2012)
• Cash awards generously provided by Studentawards.com