Clean Energy Trust Challenge Open for SubmissionsBy Amanda Lewan on September 30th, 2015 /
The 6th Annual Clean Energy Trust Challenge is open and looking for innovative submissions from Midwest companies.
The challenge awards $1 million in funding to clean tech startups who specialize in ares of renewable energy, tansportation, effficiency, energy storage, building technologies, microgrids/smartgrids, bioenergy, water-energy nexus, and Internet of Things/Smart Cities based in the Midwest. This year’s submissions are open from September 15, 2015 – January 5, 2016, and it looks like a great opportunity for any of our readers.
Since 2013, the challenge has invested $240,000 in 3 startups across Michigan, and those companies have gone on to raise an additional $15,213,000 in follow up funding. This funding has helped them better market their technology and has assisted in creating many new jobs -benefiting Michigan’s economy. The three past winners include Greenlancer, based out of Detroit; Ornicept, based out of Ann Arbor; and Black Pine Engineering, based out of East Lansing.
“CET is one of the leading sustainable technology accelerators in the U.S. and Wells Fargo is thrilled to be sponsoring a prize at the Clean EnergyTrust Challenge for the 5th year,” said Ashely Grosh, VP for Environmental Affairs for Wells Fargo. “CET has successfully created a unique ecosystem, while helping us keep a pulse on emerging technologies.”
The Clean Energy Trust Challenge has jumpstarted more than 60 cutting edge startups in the Midwest to date, and is located in Chicago.
All applications will be thoroughly reviewed by a panel of industry, finance and innovation experts who will select a group of finalists. Finalists will be notified in early 2016 and be invited to pitch their company to an esteemed panel of judges who will select the awards. The full day competition takes lace on Tuesday, April 12, 2016 in Chicago.
Working on a clean tech solution? You can apply now by going to: http://cleanenergytrust.org/challenge.
Looking for other funding opportunities? Check out our list of competitions, VCs, grants and more.