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Tune in on energy.gov this Tuesday and Wednesday (June 11-12) for coverage of the 2013 National Clean Energy Business Plan Competition.
Now in its second year, the initiative is inspiring university teams across the country to create new businesses to commercialize promising energy technologies developed at U.S. universities and national labs. The competition is designed to build regional networks of student-focused business creation contests across the country, and was launched in 2011 as part of President Obama's Startup America Initiative. Last year's winning team was recently awarded $1.5 million in ARPA-E funding, but the successes don't end there. In the first year of the competition alone, more than 52 startups have been incorporated, 55 patents and disclosures have been filed, and more than $7 million in follow-on funding has been provided by the private sector.
After pitching their business plans to panels of judges at the regional semifinals and finals, six regional winners have advanced to the national competition for a chance to compete in the popular vote and a grand prize determined by an expert panel of judges. You can cast your ballot for People’s Choice Award until 4pm Wednesday – so be sure to vote for your favorite before time runs out.
We’ll be livetweeting from the event beginning Tuesday morning. Follow @ENERGY on Twitter for updates throughout the week, and tune in on Google+ or energy.gov/live to watch a fireside chat between entrepreneur Steve Blank and Venrock Capital’s Ray Rothrock at 12pm EDT Tuesday.
More of the competition will be available on energy.gov/live Wednesday as well, including presentations from six regional finalists, who will pitch their business plans in front of an esteemed panel of judges and the general audience. Learn more about the teams on the National Clean Energy Business Plan Competition blog. Congratulations to all the teams who have made it this far, and good luck in the finals!