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April 21, 2005 |
[RenewableEnergyAccess.com] On April 27th, entrepreneurs will compete at the
Massachusetts Institute of Technology (MIT) in the final round of a business
plan presentation contest designed to encourage innovative solutions and
investment in Massachusetts' clean energy industry. The competition, initiated
by The MIT Enterprise Forum's Energy Group, is the first in Massachusetts to
specifically target the emerging clean energy sector. The goal of the
competition is to spur the economic development of a growing, viable clean
energy business cluster in the Commonwealth. The final round of the contest will
take place on April 27th at MIT's Stata Center and is open to the public. It
will feature ten-minute presentations from eleven finalists, chosen from an
initial group of nearly 40 companies. A panel of judges from the investment
community will select winners, who will receive a total of $125,000 worth of
prizes. First prize includes $15,000 in cash, a one-year membership in the UMass
Lowell's Commercial Venture Development incubator, free office space, and expert
mentoring to jumpstart the winning team's business. The finalists, listed at the
link below, include both student teams and established entrepreneurs. They offer
innovative solutions to meet the increasing demand for efficient, renewable,
non-polluting energy.
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