Join our Waitlist for Expert Advice!

Google's Eric Schmidt to Give $1 Million to Help Tech Savvy Organizations Solve Problems Schmidt says he's putting his money where his mouth is as he promotes his book, The New Digital Age.

By Laura Entis

Opinions expressed by Entrepreneur contributors are their own.

Google's Eric Schmidt will donate $1 million dollars in grants to organizations that are using technology to solve some of the world's problems, including censorship, crime and natural disasters.

Announcements of the grants will take place next month to coincide with the paperback release of Schmidt and Jared Cohen's book The New Digital Age (Knopf, 2013) which outlines a "transformational vision of the future: a world where everyone is connected—a world full of challenges and benefits that are ours to meet and to harness."

Clearly, like many of his Silicon Valley peers, Schmidt is a strong proponent that technology is the answer to the majority of the world's toughest challenges.

Related: On Facebook's 10th Birthday, Mark Zuckerberg Reflects on the Long Journey of Creating a Social Media Powerhouse

"In writing The New Digital Age, Jared and I developed a strong belief in the power of technology to address some of the thorniest global challenges, a belief which was strengthened with each country we visited," Schmidt said in a press release. "We felt it was important to recognize the work being done by non-profits that show promise in these areas."

Grantees will include those based in academic institutions as well as stand-alone organizations both in the U.S. and abroad. All recipients, however, are using technology to solve human problems. Schmidt's donation reinforces his message that the more people who are connected to the Internet, the better the world will be.

"I think I should put my money where my mouth is," he told CBS in an interview this morning. "Google's mission is to connect the world. We want a free, open Internet for everyone in the world."

Related: SBA Shows High-Tech Startups Some Love

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Money & Finance

The Government Is Forcing Business Owners to Share Personal Data or Get Fined $10,000 — So Why Don't More People Know About It?

The Treasury Department wants to know who owns your business, and the smaller your business, the more attention you should pay.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

Customers Have a Favorite Payment Method — But 30% of Businesses Don't Accept It. Are You Driving Business Away?

This article examines the surprising gap between what consumers want in payment options and what small businesses currently offer. It also provides strategies for small business owners looking to adapt to these preferences and enhance customer loyalty.

Business News

'Additional Human Touch': Starbucks Has a Turnaround Plan That Includes Buying 200,000 Sharpies. Here's Why.

Faced with declining sales, Starbucks has a comeback plan that involves several changes to stores and menus. Here's a look at the changes coming to your store.

Starting a Business

I Quit My Corporate Job to Start a Business. Here's How I Went From Having $35,000 Credit Card Debt to Making $4 Million.

Courtney Allen, founder and CEO of presentation design agency 16x9, "recklessly" left corporate life behind in 2015 to pursue entrepreneurship.