|[February 19, 2013]
Clean Energy Trust Announces Finalists for 2013 Clean Energy Challenge: $250,000 in Prizes to Be Awarded April 4
CHICAGO --(Business Wire)--
Clean Energy Trust today announced the 17 finalists that will
compete in the third annual Clean
Energy Challenge, a $250,000 business plan competition that takes
place April 4 in Chicago.
Independent evaluators with expertise in clean energy selected eight
companies from four states to compete for the $100,000 early-stage
prize. Nine student finalists will vie for the $100,000 Student
Challenge prize. Cash prizes in both tracks are provided by the U.S.
Department of Energy. In addition, all competitors are eligible for
the $50,000 McCaffery
Interests commercialization award.
Applications from across the region were submitted in all aspects of
clean energy, from biomass development and smart grid to improved wind
turbines and advanced bearing technologies.
"We expect great things from these new companies. Challenge finalists to
date have raised more than $23 million in venture and other outside
funding. They are creating jobs, launching pilot programs and
commercializing their technology, which is the exact intent behind the
competition," said Amy Francetic, executive director of the Clean Energy (News - Alert)
Trust. "We congratulate the 2013 Challenge finalists for joining an
impressive list of innovators who have made the Midwest a leader in
clean energy technology."
Challenge and Early
Stage finalists receive mentoring and training from the Clean Energy
Trust in preparation for their presentations at the Challenge. These
presentations will be evaluated by a prestigious panel of clean energy
business experts, venture capitalists and scientists on April 4th
SIX10 in Chicago.
tickets are now available for the 2013 Clean Energy Challenge.
Prices go up March 1st.
The 2013 Clean Energy Challenge sponsors include: United
States Department of Energy, Advanced
Energy Economy, Ernst
& Young, GE,
Energy Initiative, Nortech,
of Illinois, University
of Illinois at Chicago, University
of Missouri, Wanxiang
America Corporation, Wisconsin
Energy Research Consortium, ARCH
Venture Partners, Applied
Alternative Energy, ComEd,
Group Global, DTE
Venture Capital, Exelon
Department of Commerce and Economic Opportunity, Katten
Muchin Rosenman, Khosla
Perkins Caufield and Byers, Lincoln
Renewable Energy, Missouri
Technology Corporation, New
World Ventures, Next
& Johnson, Technology
North Venture Partners, UK
Trade & Investment, Venrock,
Western Reserve University Great Lakes Energy Institute, Dominion
Community Foundation, EDP,
Ohio Public Energy Council, Ohio
State University Office of Energy & Environment, Shaw
Valley Bank, University
of Dayton and University
About the Clean Energy Trust:
The Clean Energy Trust was founded by prominent business and civic
leaders to accelerate the pace of clean energy innovation in the
Midwest. The trust is supported by grants from the U.S. Department of
Energy, the Illinois Department of Commerce and Economic Opportunity,
the Joyce Foundation, the Chicago Community Trust, the Small Business
Administration and donations from over 50 investors, corporations,
universities and trade groups. For more information, visit www.cleanenergytrust.org.
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