Showing posts with label MITEF. Show all posts
Showing posts with label MITEF. Show all posts

Wednesday, May 02, 2007

MIT Energy Competition - Ignite Clean Energy!

RSI Silicon, a materials company that has developed a low-cost process for making solar-grade silicon, walked away the big winner at last night's Ignite Clean Energy Business Presentation Competition. RSI Silicon won the grand prize -- $25,000 in cash plus other goodies (rent, legal services) for a total prize value of $111,000. The company also won The Peoples' Choice award, which attendees at yesterday's event could vote on.

Other winners included:
  • Second place, student -- Bagazo, which aims to develop self-sustaining cooking fuel generation, using agricultural waste, for developing countries
  • Second place, professional -- Fox2 Technologies, which is developing new sensor technology for airplane and trucking operators that improves fuel efficiency by more than 5 percent, while also reducing carbon emissions.
  • Third place, student -- C3 BioEnergy, which is working on manufacturing renewable propane and a hydrogen byproduct from biomass feedstocks
  • Third place, professional -- GreenRay, which is developing a plug-and-play, solar-electric system for the simple installation of solar power to common residences.
(Thanks to Mass High Tech for the descriptions of these companies; many of them don't yet have websites.)

Sunday, February 11, 2007

Two Energy Funding Competitions

Ignite Clean Energy (ICE) Competition

The MIT Enterprise Forum Kick Off event for this year's Ignite Clean Energy Business Presentation Competition will be held tonight at the Stata Center on campus. You can get more information here. One of the speakers is Massachusetts' new Secretary of the Executive Office of Environmental Affairs, Ian Bowles.

SEED 2007 - Sustainable Energy Economic Development Initiative

The Mass Technology Collaborative has announced its 2007 competition, which provides flexible working capital of up to $500,000 per winning company for a 12-month period. The funding instrument is a convertible load. Get the details here.