Got this from Alan Levine's NMC site.

August 15, 2007 (Thinkerers Quest, Second Life) - Thinkerer Studios - a network of residents in the virtual online world of Second Life - today announced the launch of an awards program to identify and encourage the development of creative products and services that use Second Life capabilities to enrich or empower experiences in Real Life. The first Award recipient will be made known at the end of September, 2007.

Recipients of the Thinkerer Challenge Award will receive 30,000 Lindens - the currency of Second Life - and the use of a parcel of virtual land (or an equivalent arrangement) for one year. In addition, they will be invited to become judges of future Thinkerer Challenges.

Cash awards will be funded by the founder of Thinkerer Studios, Thinkerer Melville. Awards will be given as often as once a month, depending on the volume and quality of nominations. Honorary Awards will also be presented on occasion, depending on merit and circumstances. All winners and their projects will be publicized and promoted, both in and off-world.

For more info: http://sl.nmc.org/2007/08/16/thinkerer-challenge/