From Bill Hockberger, SNAME SD-5 Panel (Advanced marine vehicles):
The International Hydrofoil Society is in its third year of the Mandles Prize competition for student hydrofoil projects. It's a great opportunity for students and their faculty advisers to achieve something and get recognition--plus a cash award of up to $2500. The information is here: http://www.foils.org/08%20Mandles%20...dlesprize.html
Entry forms due: 3/15/2016
Entries submitted: 5/2/2016
Awards announced: 8/5/2016
Awards presented: On or before 9/16/2016
Note that the website has a link to the past winning papers.
(Sorry, also posted this in "Services ...")