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General Electric College EcoChallenge - Entries due March 15

Innovative Ideas to Power the Home - Grand Prize is $100,000

About the Challenge
Welcome to Phase II of the GE ecomagination Challenge, a $200 million innovation experiment where businesses, entrepreneurs, innovators and students share their best ideas on how to improve our energy future – and just might get funded. Phase II of the ecomagination Challenge focuses on Powering Your Home. We are looking for innovative ideas about capturing, managing, and using energy in the home.

We’ve teamed up with some of the best-known venture capital firms, including Emerald Technology Ventures, Foundation Capital, KPCB and RockPort Capital, to help back the most promising ideas. 

Will you join us? Please enter the challenge, submit your ideas, share your thoughts and comments, and help us make the home the center of a smart energy future. Who knows? One of the ideas selected could be yours.

The Awards

GE will present each of five innovation challenge award recipients with $100,000 in cash, for a total of $500,000, to acknowledge these entries as examples of outstanding entrepreneurship and innovation.

Judges may also award one or more entrant:

  • GE Scientific Merit Award to work with the GRC

The evaluation committee will consider one or more of the following for selected entrants:

  • An equity investment by GE or others
  • A cooperative agreement to develop a product or technology
  • A review of your product or service for possible qualification to be a part of the GE ecomagination program
Things to Consider

The ecomagination Challenge is focused on finding new and more intelligent home energy technologies and processes, as well as better business models. When preparing your submission, please consider:

  • Originality – We are looking for innovative home energy solutions. Is your entry unique?
  • Feasibility – We are looking for functional solutions that can enjoy success in the marketplace. Is your entry cost-effective, or can it be made so?
  • Impact – If successfully realized, will your entry help turn our current energy challenge into an opportunity?

Keeping these three criteria in mind will help you formulate an entry that stands the best chance of being noticed.

Participation

Any individual 18 years old or older can participate, as can any organization, except a bankrupt person or organization and/or a criminal offender under any national penal system. (GE employees are not eligible to enter.)

If you are participating as a team, one designated team leader must be solely responsible for all activities related to the competition.

For more information, please read the full Terms and Conditions (these are the legal terms that control the ecomagination Challenge), our FAQs or contact us at ecomagination.challenge@ge.com.
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Posted: February 19, 2011, 10:42 AM

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