Ontario Centres of Excellence Inc.

Ontario Centres of Excellence Inc.

December 10, 2013 11:17 ET

Ontario Centres of Excellence to Award $25K for Best Student Energy Innovation

TORONTO, ONTARIO--(Marketwired - Dec. 10, 2013) - Ontario Centres of Excellence is tapping into the creativity and entrepreneurial acumen of the province's students for solutions to global energy challenges - and the best one will earn a $25,000 award.

With an application deadline of January 31, 2014, the David McFadden Energy Entrepreneur Challenge invites university and college students from across Ontario to address challenges facing the energy sector. The winner receives $25,000 to use toward their business idea and a suite of services to assist in advancing it.

"We are proud to be able to issue this challenge in David's name as both our past Board chair and a leader in the energy sector," said Dr. Tom Corr, President and CEO of Ontario Centres of Excellence.

The theme for the challenge is Enlightened Energy. Students must create energy solutions that are practical, affordable and sustainable while being exportable and adaptable to the needs of different parts of the world. More than just commercially viable, the solution should also help contribute to safer, healthier and more environmentally sound communities.

"Many of us take for granted the energy we need to heat and air condition our homes and businesses; power our industries; and propel our vehicles," said Mr. McFadden. "However, in many areas of the globe, energy is scarce or even unavailable and that's what this challenge will address."

To enter, students must complete a three-minute pitch video and upload to YouTube by Jan. 31, 2014. Up to 10 finalists will be selected and invited to pitch their idea at OCE's Discovery trade show and conference on May 12-13, 2014 in Toronto. The winner will be announced at Discovery on May 13.

For more information on the challenge and David McFadden's vision, please visit http://www.oce-ontario.org/programs/talent-programs/entrepreneurship-fellowships/mcfadden-challenge and watch our promotional video at http://youtu.be/TqhdyC_dKZE.

About Ontario Centres of Excellence (OCE) Inc. (www.oce-ontario.org)

Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario's global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario's industry, universities, colleges, research hospitals, investors and government ministries. A champion of leading-edge technologies, best practices and research, OCE invests in sectors such as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario's Innovation Agenda as a member of the province's Ontario Network of Entrepreneurs (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. For more information visit www.onebusiness.ca.

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