From the webpage:
Join students from around the world to investigate and solve problems facing the quantum universe using Microsoft’s simulator, LIQUi|>.
Win big prizes, or the opportunity to interview for internships at Microsoft Research.
Objectives of the Quantum Challenge
The Quantum Architectures and Computing Group QuArC is seeking exceptional students!
WE want to find students who are eager to expand their knowledge of quantum computing, and who can translate thoughts into programs. Thereby we will expand the use of Microsoft’s Quantum Simulator LIQUi|>.
How to enter
First of all, REGISTER for the Challenge so that you can receive updates about the contest.
In the challenge you will use the LIQUi|> simulator to solve a novel problem and then report on your findings. So, think of a project. Then, download the simulator from GitHub and work with it to solve your problem. Finally, write a report about your findings and submit it. Your report submission will enter you into the Challenge.
In the report, present a description of the project including goals, methods, challenges, and any result obtained using LIQUi|>. You do not need to submit circuits and the software you develop, however, sample input and output for LIQUi|> must be submitted to show you used the simulator in the project. Your entry must consist of six pages or less, in PDF format.
The Challenge is open to students at colleges and universities world-wide (with a few restrictions) and aged 18+. NO PURCHASE NECESSARY. For full details, see the Official Rules
The prizes
The Quantum Challenge is your change to win a big prize!
- First Prize: $5,000
- Second Prizes: Four at $2,500
- Honorary Mention: Certificates will be presented to runner-up entries
Extra – visits or internship interviews
As a result of the challenge, some entrants could be invited to visit the QuArC team at Microsoft Research in Redmond, or have an opportunity to interview for internships at Microsoft Research. Internships are highly prestigious and involve working with the QuArC team for 12 weeks on cutting edge research.
If you are young enough to enter, just a word of warning about the “big prize.” $5,000 today isn’t a “big prize.” Maybe a nice weekend if you keep it low key but only just.
Interaction with the QuArC team, either by winning or in online discussions is the real prize.
Besides, who need $5,000 if you can break quantum encrypted bank transfer orders? 😉