Google is the Big Daddy of the corporate world.

Most of us surfing the Web have indeed come across the joke inspired by Google's popularity- "When you lose something, go ask your mom, And when your mom too doesn't have an answer, go ask Google".

Well such is the potential reach of Google. But it needs its share of inspiration from all sources - be it the techies, developers, customers and even TEENS.

The search engine giant is known for touting its latest wares openly and on a big scale. However, there are few who know about its Science Fair that was introduced in 2011.

Two years of budding space has not only brought youthful talent to the scene but has given Google a ringside seat to watch problem solving in many different ways.

Rolling back in its third year, Google Science Fair aims to pioneer competitive technologies arising out of the minds of teens. This not only benefits the kids submitting their research projects within due time frame but also ensures them greater possibilities to nurture their talent, much after the official contest closes. It is like a mini "Palais de Decouvertes", an "Innovations' Pavilion" literally opines T.S Culhane.

To list out its finer points, the Science Fair has already been announced for this year, open to students aged 13-18 years from across 90 countries who submit challenging and interesting projects. The last date for submission this year is 30th April, 2013 with the final results to be out on September 23rd.

Obviously the event is not just for kicks but comes with pretty hefty rewards.

After going through thorough perusals, Google's elite judge panel will shortlist 15 finalists by August. T.H Culhane and Enric Sala - two famous Explorers with the National Geographic team are reportedly on the panel this year.

The finalists are entitled to prizes sponsored by Google, Lego, National Geographic and Scientific American with the grand prize being $50,000 scholarship, a trip to Galapagos Islands. Moreover, Google also extends its patronage to the winner's school, offering a  $10,000 aid and a Google+ Hangout session with CERN.

In a tete-e-tete write-up, Culhane shares his experience of being a part of this show. "For the past two years I have had the Privilege – and I mean that with a capital P – to act as a judge for the Google Science Fair.  And the privilege doesn’t come from rubbing shoulders with some of the world’s greatest scientists, engineers and educators."

Well privileged are the people who get an opportunity to usher a change and make a difference to scores of lives, just like Google does to day-in and day-out. So hurry and hop onto the bandwagon, the clock's begun to tick already.

Watch this video before you decide to enroll your kid or anyone you know worth the potential.