India, Nov. 10 -- NASA has announced a $1 million competition inviting students across the United States to develop ideas for a future Moon base where astronauts could eventually live and work.

The American space agency announced the Moon Base Student Challenge on Sunday, November 8, during a MAX POWER event at the Kennedy Space Center Visitor Complex in Florida.

(Also read: NASA astronaut Anil Menon shares timelapse and real-time footage of aurora and night orbit in space. Watch)

The competition is open to teams from eligible US high schools and post-secondary institutions, with up to $1 million in prizes available for innovative solutions addressing challenges associated with living on the Moon.

"We're looking for students ready to ...