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Saturday, June 19, 2010

16 SEMI-FINALISTS ANNOUNCED BY ICE / CLEANTECH OPEN CLEAN ENERGY COMPETITION

16 SEMI-FINALISTS ANNOUNCED BY ICE / CLEANTECH OPEN CLEAN ENERGY COMPETITION

Teams to Compete for Cash and Services and for Right to Compete in National Clean Tech Open Finals in California Later this Year


For Immediate Release Contact: Colin Mahoney

June 18, 2010

Boston - The northeast region of the Cleantech Open (CTO) (www.cleantechopen.com) business competition - also known as the Ignite Clean Energy / Cleantech Open, announced that 16 semifinalist teams have been selected to represent the region in the world's biggest clean tech business competition. The semifinalists were selected from a talented pool of more than 50 cleantech entrepreneurs from across the northeast region of the country. Semifinalist teams will compete for regional prizes including combined cash and in-kind services worth up to $30,000. Only the top cleantech entrepreneurs will advance to compete at the national level for a grand prize of $250,000 in investment and services.

Over the next few months, semifinalist teams will receive coaching from the Cleantech Open network of talented business mentors, one-on-one consulting with specialists, an intensive business boot camp at the Cleantech Academy and local supporting events, training and materials. This support helps each team develop a comprehensive business plan and investor pitch to be presented to professional investors and experts. The National Awards -- the "Academy Awards of Cleantech" -- takes place November 17, 2010.

"This year's entries are more numerous and more innovative than ever," said Rex Northen, executive director of the Cleantech Open. "Semifinalists will receive help with everything from grant-writing to public relations -- and the winners will walk away with a valuable 'Startup in a Box' of cash and services. We're delighted to be promoting the success of such talented entrepreneurs."

As Executive Director of the competition’s lead sponsor, the Massachusetts Clean Energy Center, Patrick Cloney was encouraged by the caliber of the teams that the competition has produced. “This is an outstanding group of clean energy innovators and we are thrilled to support this truly national competition.”

The 2010 Cleantech Open competition offers more than $1 million in total prizes and aims to create 100,000 green-collar jobs in America by the end of 2015 with its "100K Jobs Challenge.” The semi-finalists for the northeast region are:

Team
Technology / tagline

7Solar
Energy Independence, One Building at a Time

Clean Energy Innovations
Unique technology that improves batteries

Culture Fuels
Low-cost algae fuel

Element 14
Polysilicon Technology

Green Mountain Spark
Biofuel Chemical Research and Development

Heavy Lift Systems
We get Wind Power off the Ground

HydroGEN Technologies
Efficiently creating high purity hydrogen from waste

New Power Labs
Professionally Installed Branch Circuit Power Metering Devices

O Sole Mio
We make sure your tomatoes are happy and healthy from roots to fruits!

OnChip Power
Bringing integration to power electronics

PepperDash Energy Solutions
Energy management driven by occupancy

PowerHydrant
Autonomous Infrastructure for EVs/PHEVs

Quixote Wind Associates
A Quieter and Safer Wind Turbine

Solar Machines
Innovative Power from the Sun

V Squared Wind
Wind technology

Zero Carbon Inc.
Carbon Capture and Conversion

The Cleantech Open is the world's largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today's most urgent energy, environmental and economic challenges. The program provides the infrastructure, expertise and strategic relationships to turn clever ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has enabled hundreds of clean technology startups to bring their breakthrough ideas to fruition, helped alumni contestants raise over $260M, and created an estimated 1,200 green collar jobs. Fueled by a network of more than 600 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America's cleantech sector a thriving economic engine. For more information, visit http://www.cleantechopen.com/
email nc_info@cleantechopen.com and follow @cleantechopen on Twitter.

Sponsored by the MIT Enterprise Forum of Cambridge, Inc., the Ignite Clean Energy (ICE) business competition began in 2004 to stimulate the growing clean energy industry in New England. It provides start-up clean energy companies and entrepreneurs with the opportunities and resources to develop business skills, network with industry professionals and the chance to attract potential investors. The leading sponsor for the 2010 ICE/Cleantech Open northeast competition is the Massachusetts Clean Energy Center. For more information, please visit www.ignitecleanenergy.com.

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