Every year, some smart folks at leading US colleges put together some key technological innovations with a savvy business plan and go for the MIT Clean Energy Prize (MIT CEP). Recently, we reported on the finalists hoping to go home with this year’s $200,000 Grand Prize winnings. Now–drum roll, please–we have a winner: C3Nano from Stanford University.
Founded by by students Ajay Virkar and Melbs LeMieux, C3Nano is a start-up built around a new transparent electrode material that they believe will make photovoltaic solar panels cheaper and more efficient. The major market for such a technology is, of course, the burgeoning solar industry, but there are other potential applications as well, including touch-screen electronic devices.
The MIT CEP is organized and run by students enrolled in MIT’s science and engineering schools as well as those from MIT Sloan School of Management, and over the past two years, it has helped launch more than a dozen companies that have raised in excess of $65 million in private and government funding.