Sixteen year old Tanay Tandon and grad school student Sherwood Yao were the first recipients of the Kay Family Foundation Award given to young app developers.   Each won a $5,000 scholarship to help them continue their application development work and their educations.  Tandon’s app, Clipped, was born as his answer to getting quick summaries of web articles for his debate team.  Yao built tapsBook to keep in touch with his family on the other side of the world.  Both apps are now available for download.  Elim Kay, President of the Kay Family Foundation, says that the mission of the foundation is  to help young students become more entrepreneurial and ready to assume leadership positions. – See more at: