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DOE Announced $2M in Funding for University-Based Clean Energy Business Competitions

July 27, 2011

Steven Chu, Secretary of the Department of Energy, announced $2 million in available funding for the National University Clean Energy Business Challenge — a nationwide network of regional university-based clean energy business creation competitions. The intent of the initiative 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." Participating teams of students will work with experienced mentors from the energy industry and startup community, along with university and national lab-based researchers, to develop the business plans. The winning teams from the regional competitions will compete for a National Grand Prize at a competition held in Washington, D.C., in early summer 2012.

The available funding will support the administration of up to six regional competitions. U.S. states, local governments, institutions of higher education and nonprofits are eligible to receive three-year funding awards to administer the regional competitions. A consortium of eligible entities also may apply for the award. An announcement (DE-FOA-0000570) was posted to FedConnect. Applications are due on August 22, 2011. DOE's Office of Energy Efficiency and Renewable Energy (EERE) will facilitate the initiative. Read the press release...

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