Budding green energy innovators with a big picture business vision now have a deadline: February 25th, 2010. That’s the date applications will be due for this year’s MIT Clean Energy Prize (MIT CEP), which will award a $200,000 grand prize for the most innovative team energy solution.
The third annual venture creation competition is open to all US graduate and undergraduate students, with the condition that prize funds must be used exclusively towards the launch of a new business established in the United States. The 2009 MIT CEP grand prize winner was Husk Insulation from the University of Michigan.
The MIT CEP is affiliated with MIT’s $100,000 Entrepreneurship Competition which, since its launch in 1989, has facilitated the development of approximately 120 US companies and 2,500 jobs. The deadline for applications is February 25, 2010; prizes will be awarded in May 2010.