Energy Innovators Comp See's Mass Entries
GE's ecomagination Challenge, a competition which intends to capture novel ideas on clean energy generation, distribution and use, has generated more than 2,400 entries since its launch on 13 July.
The challenge, backed by $200m (£130m) from GE and venture capital firms Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byer and RockPort Capital, is part of GE's commitment to build innovative clean energy technologies.
The competition closes on 30 September.
Dr Tore Land, director of ecomagination for GE's EMEA region, met with the VC fund partners and 50 entrants and prospective entrants in London today to review progress and promote the programme to UK innovators.
"We're very happy with the number and quality of submissions so far," Dr Land told Businessgreen.com. "We are continually updating our shortlist for investment and possible commercial partnerships."
The challenge is seeking proposals in three broad categories: renewable energy generation; distribution grid technologies and energy-efficient buildings. While the aim is to foster knowledge sharing among energy innovators worldwide, the best ideas - as judged by GE's panel - will be offered the opportunity to develop a commercial relationship with GE.
So far, the number of ideas for energy generation, arguably the most glamorous of the three categories, total as many as ideas for the other two categories put together.
Dr Land was keen to encourage Businessgreen.com's visitors to enter the challenge. "We can't promise perfection but we can promise that every submission will be given a full evaluation," he said.
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