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Legatum, ‘Fortune’ plan $1 million annual tech prize

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Half Moon Bay, Calif.—Fortune 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 “has demonstrably improved the quality of life amongst impoverished populations in developing countries.” The first $1 million prize will be awarded at the Fortune 500 Forum in Washington, D.C., in December.
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