Ideas for new green-energy companies which range from credit cards bonus points program to fund renewable energy tasks to some speed bump which creates electricity with regard to kerbside electronics will go head to head 21st January in Round-2 competitors for the 2010-2011 Clean Energy Reward.The competition offered by DTE Energy and the College of Michigan and today in the third year, problems teams to build up strategic business plans that promise to move a new, clean-energy technology through concept to the market place.
A total associated with Twenty three groups comprised of college students through 7 the state of Michigan universities and colleges participated in Round One, for which knowing was conducted 23rd November from UM's Ross School associated with Company. Fifteen have sophisticated to Round Two. The schools symbolized by individuals within the very first round include The College of The state of Michigan, Wayne State College, Kettering University, Lake Exceptional Condition University, Western the state of Michigan College, River The state of Michigan College and Lawrence Technical University.
The competition mandates that teams focus on businesses that assistance renewable energy, energy efficiency, smart grid systems, environment manage technologies, plug-in electric automobiles or even energy storage space. The groups are competing for a reveal of a $100,000 prize pool. The prize cash benefits the actual successful groups with assets that will help all of them additional develop their own suggestions as well as eventually start online companies that may bring about Michigan's rising part like a leader within clean power.
In Spherical two, these types of teams will present an industry analysis as well as preliminary monetary analysis to a panel associated with judges which includes leaders from the venture capital, business, business and educational towns. The groups are also necessary to publish a written summary of their own studies. The idol judges will assess the groups on the written material in addition to their own presentation abilities.