SOURCE: Clean Tech Open

Clean Tech Open

June 17, 2009 09:01 ET

Record Number of Clean Tech Startups Sign Up to Compete for Over $1 Million in Prizes in 2009 Clean Tech Open

California, Rocky Mountain and Pacific Northwest Regions Generate Over 275 Entries From Clean Tech Startups

PALO ALTO, CA--(Marketwire - June 17, 2009) - The Clean Tech Open, the non-profit organization that helps great ideas become viable clean tech businesses, today announced that a record number of early stage clean tech startups have registered to compete in its fourth annual competition. Compared to 2008, 150 more startups are competing in this year's competition, which for the first time includes regions outside of California. The competing startups entered their concepts for innovation in six clean tech categories: Air, Water & Waste, Energy Efficiency, Green Building, Renewables, Smart Power, and Transportation.

"The incredible growth in our number of entries confirms the fact that breakthrough innovation around clean technology is thriving, and that great ideas for solving some of our toughest environmental and economic challenges are coming from entrepreneurs," said Rex Northern, Executive Director, Clean Tech Open. "Our focus on supporting clean tech ideas and businesses at the grass roots level has proven to be very successful, and we're eager to see the brilliant ideas of the 2009 competition."

The 275-plus 2009 entries will now undergo an initial evaluation process by the organization's review committee, which will select a smaller number of semifinalists to advance to the next round of the competition, The Clean Tech Accelerator, to be held in July. During the Accelerator program, all semifinalists will receive in-depth training on all aspects of starting their businesses from leading experts, from venture capital, to marketing, to intellectual property, to manufacturing and sustainability.

After completing the Accelerator program, the semifinalists will prepare final business plans and be judged by premiere executives who will name the 2009 finalists in each region. Six California Finalists will receive $100,000 in cash and services, while three finalists each in the Pacific Northwest and Rocky Mountain regions will receive $50,000 in cash and services. The 12 national finalists will then go on to compete for the grand prize of $250,000 in cash and services and the title of "National Clean Tech Open Winner."

National semifinalists will be announced later this month. For more information about this year's competition and associated events, please visit: www.cleantechopen.com

About the Clean Tech Open:

The Clean Tech Open is a catalyst for clean tech innovation. A non-profit organization founded in 2006, it provides today's clean tech innovators with the tools, training and connections they need to become tomorrow's viable clean tech businesses. The core of the Clean Tech Open is an annual regional business competition, supported by expert volunteers and mentors, that provides entrepreneurs with the crucial business training, services and insights they need to go to market successfully. The Clean Tech Open has assisted dozens of companies in raising nearly $125M in funding, and has spurred the creation of hundreds of jobs in California. Fueled by a network of over 400 volunteers and sponsors, the Clean Tech Open unites the public and private sectors in a shared vision for making America's clean tech sector a thriving economic engine. Past alumni successes include Adura Technologies, Cool Earth Solar and GreenVolts. To learn more, visit: www.cleantechopen.com.

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