Award in a competition

Recently, my son won a competitive start-up grant challenge for building a mechanical device with early seed money of 150k while competing against people much more experienced than him. How can one use this achievement in a college application? Or is it of any value in elite schools like MIT & Stanford, given that he has not got great ECs other than the technical skills which he has acquired which helped him win this grant.

Sounds like it would make a great essay topic!

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The award should be included in the awards/prizes section and the activity as an EC. Agree that giving more detail would be important- perhaps in an essay