Got a Kid With a Big Idea? Learn How He Can Earn Big Bucks!

Did you know that the popsicle was invented by an 11-year-old? Or that television (yes, television) was invented by a 14-year-old? Neither did we. But it's one of the reasons that Edison Nation, an online community dedicated to inventors, has launched an initiative to encourage kids ages 7 to 21 to dream up the next big idea.

The group has partnered with the Boy Scouts of America to launch The Boy Scouts of America Innovation Challenge and will invest up to $1,000,000 to develop the best ideas submitted. The goal is to encourage kids to solve problems and think creatively.

Interested kids should fill out the entry form to describe their invention idea and submit it prior to the May 7th, 2012 deadline. They can also upload sketches, photos and/or short videos to help explain their submission. Entry fees are $25 per idea or $10 if the child is a Boy Scout. 

Winners will be named the "inventor" on the item's patents, receive royalties for life on sales of the product (with $2,500 up front), and have a chance to appear on Everyday Edisons, a PBS television series. (A little help with college tuition anyone?) For more information, visit Edison Nation.

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