Half Moon Bay, Calif.‚ÄĒFortune
and Legatum, an international investment firm, announced Wednesday the Legatum Fortune
Technology Prize. The $1 million annual prize will be awarded to organizations or individuals whose technology ‚Äúhas demonstrably improved the quality of life amongst impoverished populations in developing countries.‚ÄĚ The first $1 million prize will be awarded at the Fortune
500 Forum in Washington, D.C., in December.