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DOE-CEA Partnership Awards Mentoring Services to Finalists in National Clean Energy Business Plan Competition

Golden, CO (PRWEB) June 22, 2012

Clean Energy Alliance, Inc., (CEA) the national association of clean energy business incubators, announced today that the five finalists in the first annual Department of Energy National Clean Energy Business Plan Competition will receive incubation services through the Department of Energy Small Business and Clean Energy Alliance Partnership. The five finalists are Navillum Technologies from the University of Utah, Mesdi Systems from the University of Central Florida, SolidEnergy from the Massachusetts Institute of Technology, Stanford Nitrogen Group from Stanford University, and Radiator Labs from Columbia University.

The National Clean Energy Business Plan Competition was open to technologies developed at U.S. universities and the National Laboratories, led by students, and nearly 300 teams entered from around the country. The final presentations were the culmination of six regional competitions that were organized by the California Institute of Technology, University of Colorado (Boulder), Clean Energy Trust, Rice University, University of Maryland, and the Massachusetts Institute of Technology. The awards were presented on Wednesday, June 13th at the White House by Deputy Secretary of Energy Daniel Poneman. The winner was NuMat technologies, which won $100,000 plus a package of support services, including from a CEA member.

“We congratulate these talented student-led finalists who each won their respective regional clean energy competitions with their unique technologies,” said James F. Groelinger, Executive Director of the Clean Energy Alliance. “They represent some of the most innovative and promising clean energy start-ups in the country, and CEA members look forward to guiding them on the path to successful commercialization. ”

Each of the finalists will be matched with a CEA member that can best serve their needs based on the startup’s technology, priorities, and stage of development, among other factors. The incubation services could include guidance on technical, financial, marketing and/or manufacturing aspects of their businesses, as well as introductions to potential investors and assistance with their business plans and applications for grants. These services will be valued at up to $12,000 per recipient, and the fees for the services will be paid directly to the CEA member incubator from the DOE-CEA Partnership in accordance with the Partnership guidelines.

CEA was also a sponsor of the Competition finals, and National Renewal Energy Laboratory (NREL, a founder of CEA), CleanLaunch (a CEA member), Mintz Levin & ML Strategies, Battelle, Battelle Ventures, Cleantech Open, Wells Fargo, and Ernst & Young were also sponsors of the national competition.

The Clean Energy Alliance (CEA), a non-profit organization founded by National Renewable Energy Laboratories, is the national association of leading business incubators and other entities dedicated to providing technical, business and financial services tailored to the needs of the cleantech business development community. CEA focuses on developing practices and resources that support cleantech business incubation, entrepreneurial mentoring and development, and technology commercialization.

The National Clean Energy Business Plan Competition, produced by the U.S. Department of Energy, is part of the White House’s Startup America Initiative to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation. It brought together resources and expertise from venture capitalists, thought leaders from the energy industry and government, and the nation’s most promising student-led startups, to help the startups succeed.

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Source: PRWeb
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