It has been announced that the grand prize for Innovators' Circle, racing’s first-pitch competition, has been increased.

Due to overwhelming support from the racing industry, the grand prize for the competition has been increased from $10,000 to $15,000. In addition, all finalists will now earn a $1,000 award to help cover travel expenses to the contest.

The Innovators' Circle will be presented at the 42nd annual Global Symposium on Racing & Gaming. Also, BAM Software is joining the USTA, Keeneland and Daily Racing Form as sponsors of the event.

Response to the competition has been high with a steady stream of entries. The time to enter is running out, as the entry quota is quickly approaching, but submissions are still being accepted from anyone with a great idea that will revolutionize the racing industry.

Rules and information on how to enter for the grand prize of $15,000 are found at innovateracing.com.

The symposium will be held at Loews Ventana Canyon Resort in Tucson, Arizona from December 7-9, 2015.

(With files from RTIP)