The Greater New Orleans Foundation, in partnership with the Kresge Foundation and Chevron, recently announced Friday is the deadline for nonprofits to submit their ideas to enter Pitch It! The Innovation Challenge 2014.

Pitch It! will fund a novel approach, an innovative product, a new process or an inventive service that supports a new way of doing business in the nonprofit field. The top prize is $25,000 with second- and third-place winners receiving $7,500 and $5,000, respectively.

Ideas that solve a particular challenge, whether it pertains to management, finance, governance, technology or programs, can be submitted. All 501(c)(3) nonprofit organizations within the region are eligible to apply.

The application is available at www.gnof.org/program/pitch-it-the-innovation-challenge.

Three finalists will be selected to further develop their concept. They will present their ideas in a public pitch to a panel of judges at 9 a.m. Friday, Oct. 17, at the New Orleans Museum of Art.

The mission of the Greater New Orleans Foundation is to create a thriving community for all. Through the generosity of donors, the foundation has invested more than $100 million in the region since it opened its doors over 30 years ago to respond to community needs.