The US Energy Secretary, Steven Chu, just recently announced a new $2 million competition that will encourage university students across the US to compete to foster the most innovative clean energy business.
Called the National University Clean Energy Business Challenge, the contest is composed of six regional competitions which will each choose a winner to compete on the national stage to see who will go home with the National Grand Prize in the summer of 2012. The aim of the contest is to “inspire, mentor, and train students from across the country to develop successful business plans to create a new generation of American clean energy companies.”
”Fostering innovation at America’s universities and producing our nation’s next generation of clean energy entrepreneurs is vital to ensuring our nation’s competiveness in the clean energy economy of tomorrow,” said Secretary Chu. “This investment will train a new generation of scientific and technical leaders and support the Administration’s continued effort to ensure that America has the workforce we need to secure our energy future, create jobs here at home, and win the future.”
The hope is that students will gain experience in what it takes to building a transformative business that promotes clean energy technologies in the US. This will be made possible in part by the opportunity student participants will have to work with business mentors in the energy industry and the start-up community. Additional benefits of the competition include spurring business creation, creating American jobs, and boosting American competitiveness.
Applications for the competition are open until August 22, 2011, so get your ideas in soon!
Image Via Flickr: Tulane Public Relations