The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Clean Energy Challenge to Award $500,000 to Startups and Students
The Chicago-based Clean Energy Trust is ready to award $500,000 to startups who only have one week left to submit applications within the next week.
Finalists selected for the 2014 Clean Energy Challenge will receive mentoring and training from the Trust to prepare for the competition on April 3 Chicago. The panel of investors, researchers and green business leaders will evaluate business plans for new green energy technologies from startup owners, students and researchers from the Midwest who will vie for nine monetary prizes.
Student and startup competitors should apply online by Jan. 8 in one of two categories—early state or student. Finalists will be announced on Jan. 23.
“Applying for the Clean Energy Challenge should be a top priority for any clean energy startup that’s looking to move to the next level,” said Amy Francetic, Clean Energy Trust CEO. “Leading venture capitalists, corporations and government agencies increasingly rely on the Challenge to provide a window on the next big ideas in cleantech.”
The Challenge has only been around since 2010, but has already produced consecutive winners of the U.S. Department of Energy’s National Clean Energy Business Competition. Previous finalists have also secured $40 million in outside investments, created more than 200 jobs in the Midwest and registered more than 25 patents.
Competitors have been awarded a total of $750,000 since the contest's inception. Here are the prizes to be awarded:
- $100,000: Wells Fargo Grand Prize for Clean Energy Entrepreneurship
- $100,000: U.S. Department of Energy Prize for Student Entrepreneurship
- $100,000: Clean Energy Trust Prize for Early-Stage Entrepreneurship
- $60,000: Six State Champion Prizes for Student Entrepreneurship
- $50,000: United, Boeing and Honeywell UOP Aviation Energy Prize
- $25,000: McCaffery Interests Prize for Building Efficiency
- $20,000: ComEd Prize for Female Entrepreneurship
- $10,000: Ameren Prize for Missouri Early-Stage Entrepreneurship
- $10,000: Invenergy Prize for Wind Industry Innovation
"The Clean Energy Challenge is more than just a business plan competition," Anurag Garg, the 2013 Challenge winner, said. "It’s not about who wins or loses. It’s a process.
"We went from being engineering grad students with little business sense to being entrepreneurs."
Visit EcoWatch’s RENEWABLES page for more related news on this topic.
EcoWatch Daily Newsletter
The annual Arctic thaw has kicked off with record-setting ice melt and sea ice loss that is several weeks ahead of schedule, scientists said, as the New York Times reported.
'This Should Scare the Hell Out of You': Photo of Greenland Sled Dog Teams Walking on Melted Water Goes Viral
By Jon Queally
In yet the latest shocking image depicting just how fast the world's natural systems are changing due to the global climate emergency, a photograph showing a vast expanse of melted Arctic ice in Greenland — one in which a pair of sled dog teams appear to be walking on water — has gone viral.
By Tia Schwab
It has been almost a year since Hurricane Florence slammed the Carolinas, dumping a record 30 inches of rainfall in some parts of the states. At least 52 people died, and property and economic losses reached $24 billion, with nearly $17 billion in North Carolina alone. Flood waters also killed an estimated 3.5 million chickens and 5,500 hogs.
'Huge Victory' for Grassroots Climate Campaigners as NY Lawmakers Reach Deal on Sweeping Climate Legislation
By Julia Conley
Grassroots climate campaigners in New York applauded on Monday after state lawmakers reached a deal on sweeping climate legislation, paving the way for the passage of what could be some of the country's most ambitious environmental reforms.
Tens of Thousands Flee Extreme Heatwave in India as Temperatures Topping 120°F Kill Dozens Across Country
By Julia Conley
Nearly 50 people died on Saturday in one Indian state as record-breaking heatwaves across the country have caused an increasingly desperate situation.
By Will J. Grant
In an ideal world, people would look at issues with a clear focus only on the facts. But in the real world, we know that doesn't happen often.
People often look at issues through the prism of their own particular political identity — and have probably always done so.