TUSCALOOSA, Alabama -- Representatives from a regional renewable energy business competition funded by the U.S. Department of Energy will hold an informational program at the University of Alabama on Wednesday.
MegaWatt Ventures, an annual clean energy business competition in its third year, has expanded from Florida to most of the Southeast and Puerto Rico for 2013.
Representatives will speak with interested companies and groups from 1-3 p.m. Wednesday in room 110 of UA?s Alabama Innovation and Mentoring of Entrepreneurs Center, said center director Dan Daly.
The competition, which will award $10,000 and provide resources including mentoring and entrepreneurship boot camps to 10 finalists, will give a $100,000 grant to one grand prize winner.
Teams can include companies based in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, Puerto Rico, North Carolina, South Carolina, or Tennessee that generated less than $1 million and new teams that incorporate at the beginning of the competition. Teams must include at least one upperclassman undergraduate or graduate student at an accredited four-eight year school from those Southeastern states or Puerto Rico.
A final forum will give teams the chance to pitch their plan to a panel with investors and energy industry executives.
Last year, the $100,000 grand prize winner was Trash2Cash Energy LLC, a start-up founded by University of South Florida faculty members, graduates and a student who developed a process to convert naturally occurring landfill gas to hydrocarbon fuels.
To register for the program, send your name, affiliation and email address to Rachel Frazier at rmfrazier@bama.ua.edu.
Source: http://blog.al.com/tuscaloosa/2013/02/clean_energy_business_competit.html
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