Laurene Powell Jobs, philanthropist and widow of Apple cofounder Steve Jobs, has committed $50 million to XQ: The Super School Project, an effort looking to redefine and reimagine high school education in the U.S.

The project is a competition-based endeavor, giving teams the chance to dream up what an effective, innovative high school would look like. The months-long competition to modernize high schools will end with several teams receiving funding to make their proposals a reality.

“Teams will first self-assemble; then, immerse themselves in the leading thinking and research on how students learn today; spend time unearthing student needs and the changing demands of the world of work; and do rigorous systems-thinking to build their ideas into the next American high school,” the XQ website states.

Winning teams will receive monetary support and work with expert mentors to turn their ideas into actual "Super Schools."

Along with donating funds to support the project's mission, Powell Jobs, a longtime supporter of innovative educational reform efforts, will chair XQ's board of directors.

U.S. high schools have largely been unchanged for 100 years, the XQ team posits — created to fit a world drastically different than that of today. This project aims to foster institutions that allow students to learn the values of critical thinking and collaboration over facts and data — tools the team claims are better for our more innovation- and tech-based society.

The Super School Project is the latest effort from the Emerson Collective, a group founded by Powell Jobs which, among other philanthropic efforts, advocates for educational reform. Powell Jobs also cofounded College Track, a program that aids students from low income and otherwise disadvantaged backgrounds succeed in higher education.

What does it mean if our students aren’t prepared to succeed in a global economy? #RethinkHighSchool pic.twitter.com/4XQr5ZB7OD — XQ America (@XQAmerica) September 11, 2015

Ideas for XQ: The Super School Project will be accepted until Nov. 15. A panel of judges will pick the finalists in April 2016, and the winners will be announced in August 2016. The goal is to build between five and 10 Super Schools, and support their endeavors over a five-year period.

The initiative reflects a larger movement seeking alternative forms of public education to better fit an innovation-focused society, including the Thiel Fellowship — the brainchild of PayPal cofounder Peter Thiel which champions entrepreneurial efforts over university education — and Ad Astra, Elon Musk's individualized grade school initially created for the children of SpaceX employees.