April 10, 2006: States Offer Cash Prizes for Clean Energy Business Proposals
SAN FRANCISCO and CAMBRIDGE, Mass. - The latest trend in encouraging clean energy business development is actually a time-honored approach: award a cash prize. Both California and Massachusetts are currently offering significant cash prizes for clean energy business proposals.
The California Clean Tech Open invites the state's entrepreneurs to compete for $50,000 cash prizes in five categories, including energy efficiency, renewable energy, and transportation technologies. The winners will also receive professional services, including legal and accounting services, public relations consulting, and one year of office space, while the overall winner will win an additional $50,000. Applications are due by May 19, and the finals will be held in late September.