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This is an incredibly cool contest with an awesome prize — and what Priscilla Chan is calling a chance to be a part of the “best science fair ever.”

The Breakthrough Junior Challenge is a version of the famous Breakthrough Prize for high school students, ages 13-18. Submit a 10-minute video that puts a new spin on an old concept or theory in mathematics, life sciences, or physics — or even take on a recent breakthrough discovery — for a chance to win a full ride to college.

“This project is about unleashing young people’s capacity for fresh thinking and inspiring a new generation of scientists,” said Chan in an online statement. “We want to encourage students from around the world to share complex ideas with their peers.”

Of course, the Breakthrough Prize was started in 2012 by Silicon Valley heavyweights, including Chan and her husband Mark Zuckerberg and Google’s Sergey Brin, among others. The Junior prize is in conjunction with the nonprofit Khan Academy, which offers free learning tools online.

The prize winner will illustrate “a challenging concept or theory of mathematics, life sciences, or physics in an engaging, illuminating, and creative way,” according to the Breakthrough Challenge’s site.

The winner will receive $250,000 toward college (Wow!). But that’s not all. The winner’s teacher will get a $50,000 prize, and the winner’s high school will get $100,000 toward a new science lab!

Register through the site. The submission deadline is Oct. 7.

See more about the prize below:

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