Global Cleantech Open Ideas Competition. Is this the largest clean technology business competition?

Yes, the Clean Tech Open is the largest business competition of this kind. However, there are a number of other business competitions and entrepreneurial challenges that also focus on eco-business, renewable energy, and environmental sustainability. CleanTech and the CleanTech Group are one of the largest venture capitalists for this kind of business, delivering over $160 Million in private capital.

In fact, in 2010, when a number of other VCs have been more hesitant and halted funding operations almost entirely, Clean Tech has already had a record year in the first quarter in the amount of funding that it has given out to new and existing businesses. One of the largest sources of clean technology funding, however, is still the federal government, and that is also expected to increase over the next ten years. Currently, the federal government allocates up to $16 billion to clean tech research and development in the form of grants and other funding.

There is a bill that is before Congress right now that will increase that amount of spending to $50 billion by 2020, and it is a very welcome change. This funding goes to alternative energy research. Development, and implementation, as well as a number of other beneficial programs.

Microsoft founder and CEO Bill Gates and General Electric CEO Jeff Immelt are expected to meet with Congress in order to help support this bill and encourage additional clean tech funding. Similar competitions are those that are held on a more local level. In California, there is a similar clean tech business plan competition that is hosted by the Anaheim Center for New Energy Technologies.

MIT also hosts an annual $100,000 entrepreneurship competition, which includes a category for clean tech business ideas. Some other entrepreneurial an business competitions that enable clean tech companies and startups to compete for funding are the NYU Stern Business Plan Competition, the Global Social Venture Competition, the McGinnis Venture Competition, and the Venture Labs Investment Competition. There are also many more entrepreneurial challenge and business plan competitions that are held in each state every year, as well as a number of other startup competitions and workshops that not only help startups with funding, but also coordinate ideas and planning.

These programs also help to connect entrepreneurs with investors. While not all of these programs are intended specifically for clean tech, clean tech businesses and startups can compete here.

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