Clean Tech Open 2009 Wraps Up

18/11/2009 at 8:30 am Leave a comment

Last nights Clean Tech Open Awards Gala was a wrap up to a year long clean technology business competition that is designed to showcase the boldest clean technology ideas, the most ambitious entrepreneurs and the brightest, most engaged investors, venture capitalists and prospective technology customers.  Gala attendees, included Google green energy czar Bill Weihl and famed venture capitalist Vinod Khosla.

The world’s largest cleantech business competition and mentorship program, is expanding across the United States, and its ideas competition went global this year, with cleantech companies from 87 countries.

Yesterdays gala brought together finalists from three Cleantech Open regions – California, Pacific Northwest, and Rocky Mountain.  Finalists got a chance to make a five-minute pitch for a green technology, product or marketing campaign in front of a crowd of 3,000 investors, entrepreneurs, and companies.  Gala attendees voted for their top picks via text message to determine the winner.

The National Prize was awarded to EcoFactor. Winning a grand prize of $250,000, $100,000 of which is seed money, EcoFactor entered in the smart grid category, with a personalized residential energy management solution for heating, ventilation and air conditioning.

The two runners-up were Alphabet Energy for their work on waste-heat recapture, and MicroMidas, which transforms raw sewage into biodegradable plastic.

The Clean Tech Open is an organization of leading entrepreneurs, academics, investors and companies, working together to find, fund and further leading edge ideas that address today’s most pressing environmental and economic challenges.

Since it’s inception in 2006, over 100 promising teams have availed themselves through the companies hands on workforce development, nurturing and funding programs.  In it’s first three years, Clean Tech Open alumni has raised over $130M in private capital, over 80% remain economically viable today and over 500 new clean technology jobs have been created.

Entry filed under: Business, Cleantech, Investing, Uncategorized. Tags: , , , , , , , , .

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