Today the Global Energy Foundation began accepting applications for the Seventh All-Russian Youth Competition of Research Projects in the field of energy "Energy of Youth." The closing date for applications is 1^st November 2010. The Expert Commission of the Global Energy International Award Committee will make a decision on the winner.

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Today the Global Energy Foundation began accepting applications for the Seventh All-Russian Youth Competition of Research Projects in the field of energy "Energy of Youth." The closing date for applications is 1^st November 2010. The Expert Commission of the Global Energy International Award Committee will make a decision on the winner.

The Global Energy Foundation will present the winners of the Energy of Youth competition with grants to enable them to continue their scientific research and developments. In 2010 the sum of each grant is approximately 500,000 roubles. The winners also receive diplomas and special prizes.

As President Dmitry Medvedev noted in his welcoming address to participants and guests of the Awarding Ceremony for the 2009 winners of the Energy of Youth competition: "It is on you that much will depend for the efficient development of the fuel and energy sector in Russia and the successful modernization of our economy. In contemporary Russia a great deal of attention is placed on creating systems for commercializing scientific ideas. The Energy of Youth competition is a worthy example of our support of innovation."

The Energy of Youth competition is run by the Global Energy Foundation for scientific and educational institutions within the Russian Federation. The competition has been held from 2004 onwards with the goal of developing scientific development in Russia in the sphere of energy technology and to attract young scientists to carry out research in the strategically significant area. The competition has become an excellent opportunity for young scientists to make the first steps into developing and introducing innovative ideas and projects. The programme involves approximately 200 scientific and educational institutes which are involved in energy technology, and are located in more than 50 different cities throughout Russia. So far 122 winners from 30 scientific research centres including those in Vladivostok, Irkutsk, Kazan, Moscow, Nizhny Novgorod, Novosibirsk, Obninsk, St. Petersburg, Tomsk and Ufa have received targeted financial support for their projects. The total sum of grants awarded amounts to 17.5 million roubles.

Grants are provided for two years. At the end of this period winners present a report at the Practical Science Symposium, the Energy of Thought which takes place annually as part of the Laureate Week of the Global Energy International Prize.