MIT Seeking Teams For Annual Competition
The deadline for entering the annual Massachusetts Institute of Technology Clean Energy Prize competition is February 25.
The competition is sponsored by Boston-based utility NStar and is open to all U. S. graduate and undergraduate students. More than 100 teams are expected to enter the competition in five categories.
Semifinalists get coaching from business and technology leaders. Finalists present detailed business plans to venture capitalists, policy experts, academics and corporate executives. The grand prize is $200,000 awarded by NStar and the federal Department of Energy.
In its first three years, the competition has become a launching pad for clean energy businesses, including a wind turbine firm, a home energy efficiency firm and last year's winner Husk Insulation, a technology developed by a team from the University of Michigan that turns agricultural waste into insulation that is more effective than conventional insulation.
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