MIT offers US$200k prize for alternative energy technologies

MIT Clean Energy Entrepreneurship Prize on offer

MIT is offering a US$200,000 prize to the entrepreneur who develops the most innovative alternative energy technology.

Announced Wednesday, the MIT Clean Energy Entrepreneurship Prize is being funded by utility company NStar Electric & Gas Corp. and the U.S. Department of Energy.

"The ultimate goal of this contest is to find innovative solutions to transform today's energy systems into tomorrow's sustainable energy future," said MIT President Susan Hockfield in a statement.

The contest is designed to speed up the development of alternative energy. MIT is encouraging start-up student and professional teams, regardless of their backgrounds or experience, to participate. As the competition progresses, the teams will be put through a "rigorous" mentoring, coaching and selection process.

The semifinalists and finalists will present and defend a full business plan before a panel of energy experts and venture capitalists. The panel will choose the winning team and runners up on May 14. In addition to the grand prize of US$200,000, the judges will award three runners-up US$20,000 each.

The competition begins February 15 and will take place on the MIT campus. More information on the contest is available on the MIT Clean Energy competition Web site.

"Meeting the world's energy needs requires much more than great ideas; we also need creative approaches," said Ernest Moniz, director of the MIT Energy Initiative. "This competition provides another tool to meet the enormous challenges of the 21st century."

On Tuesday Google Inc. said it will invest in developing ways to create electricity from renewable energy sources that will be cheaper than the electricity produced from coal.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Linda Rosencrance

Computerworld
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
Use WhistleOut's technology to compare:
Mobile phone plans & deals
Mobile phone models
Mobile phone carriers
Broadband plans & deals
Broadband providers
Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?