SOURCE: Cleantech Open - Pacific Northwest
June 15, 2010 15:22 ET
Cleantech Open Announces Pacific Northwest Competition Semifinalists
Group of 16 Entrepreneurs Now Move On to Compete for More Than $1 Million in Prizes and the Prestigious National Cleantech Title
SEATTLE, WA--(Marketwire - June 15, 2010) - The Pacific Northwest region of the Cleantech Open (www.cleantechopen.com) business competition announced that 16 semifinalist teams have been selected to represent the region in the world's biggest clean tech business competition. The semifinalists were selected from a talented pool of more than 40 cleantech entrepreneur teams from across the Pacific Northwest.
These teams will now compete for three regional prizes of up to $30,000 each in cash and in-kind services, with those winners advancing to compete at the national competition for a grand prize of $250,000 in cash and services. Over the next few months, each team will receive expert coaching from the Cleantech Open's network of talented mentors, one-on-one consulting with specialists, an intensive business boot camp at the Cleantech Academy, plus numerous supporting events, training and materials. They will present their final business plan and investor pitch to a judging committee comprised of professional investors and experts, which will select the three finalists at the regional event in October in Seattle. The National Awards -- the "Academy Awards of Cleantech" -- takes place November 17, 2010.
"Our state and the entire region need new, innovative and high-growth companies now more than ever," said Byron McCann, co-chair of the Pacific Northwest Cleantech Open. "It's hard enough to start any kind of business, much less one in an industry as complex and capital intensive as energy. All of us involved are ready to roll up our sleeves and help these entrepreneurs achieve their dreams."
All told, the 2010 Cleantech Open competition offers more than $1 million in total prizes, and with its "100K Jobs Challenge" aims to create 100,000 green-collar jobs in America by the end of 2015.
The semifinalists for the 2010 Cleantech Open Pacific Northwest Competition are:
- Aquapulser -- high performance sparkplugs -- Seattle, WA
- Arcimoto -- three-wheel electric vehicle -- Eugene, OR
- Clarian Power -- plug and play, energy efficiency hardware -- Seattle, WA
- Columbia Power Technologies -- wave power technology -- Corvallis, OR
- Current Motor Company -- electric scooters -- Ann Arbor, MI*
- CyVolt Energy Systems -- fuel cell technology to recharge lithium batteries -- Seattle, WA
- EnVitrum -- construction materials from recycled waste glass -- Seattle, WA
- Greenstone International -- green road materials -- Seattle, WA
- Hydrovolts -- in-stream, hydrokinetic power -- Seattle, WA
- Innovatus Energy -- biomass energy platform -- Seattle, WA
- LaserMotive -- wireless power transmission -- Kent, WA
- Mercurius Biofuels -- cellulosic biofuel technology -- Ferndale, WA
- Nanocel, Inc. -- liquid cooled, plastic heat sinks -- Seattle, WA
- Puralytics -- LED-based water purification -- Portland, OR
- viaCycle -- bicycle sharing technology -- Atlanta, GA*
- Zebigo -- online, on-demand ride sharing community -- Spokane, WA
*Note: entries not geographically located in a Cleantech Open region are allowed to compete in any of the competition's five regions. A complete list of the semifinalists from across the country is available at: http://www.cleantechopen.com/app.cgi/entry_list/2010/2.
The Pacific Northwest Cleantech Open is supported by sponsors Puget Sound Energy, Avista Corporation, Wilson Sonsini Goodrich Rosati, Deloitte, and Silicon Valley Bank.
About the Cleantech Open
The Cleantech Open is the world's largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today's most urgent energy, environmental and economic challenges. The program provides the infrastructure, expertise and strategic relationships to turn clever ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has enabled hundreds of clean technology startups to bring their breakthrough ideas to fruition, helped alumni contestants raise over $260M, and created an estimated 1,200 green collar jobs. Fueled by a network of more than 600 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America's cleantech sector a thriving economic engine. For more information, visit www.cleantechopen.com, and follow @cleantechopen on Twitter.