Since our launch, more than 15,000 students from 105 countries have proposed more than 4,500 ideas. We've awarded more than $450,000 to more than 50 student teams around the world. Each year we fly challenge Finalists and Sepcialty Award winners to Austin for a weekend of mentoring, workshops, and other activities as part of the Verb Awards. Our Semi-Finalists are also matched with mentors for one-on-one coaching and feedback.
In 2011, we offered five cash prizes totaling $100,000. The 2012 challenge presented 27 awards, more than $350,000 in cash and in-kind prizes, including our Grand Prize of $50,000. This expansion allows us to recognize the best projects from each stage of development, world region and social impact area. Additionally, our new challenge website offers participants the tools and teachings they need to improve and advance their projects. It also provides a platform for them to inspire us all to use our talents to change the world. With plans to grow to 20,000 entries each year by 2016, the DSIC promises to become the largest and most prestigious global competition for student social entrepreneurs.