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MUM student team named finalist in 10-state clean tech competition
Maharishi University of Management, USA - The Review Translate This Article
27 April 2012
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Competing for the chance to win $100,000 in startup funding, a team of four Maharishi University of Management students was selected as one of six finalists out of 25 entries in a 10-state clean technology business plan competition—the CU Cleantech New Venture Challenge. Their selection was thanks to the strong pitch and marketing plan they created for an innovative solar hot water heater developed by Fairfield, Iowa, inventor Joel Price.
The Challenge is part of the US Department of Energy's National Clean Energy Business Plan Competition, which is focused on increasing clean energy businesses coming out of universities and national labs as well as creating a new generation of entrepreneurs to serve the nation's energy needs.
Although the students didn't win, Mr. Price said they made a number of great contacts, several of whom expressed interest in furthering or licensing the technology. They were also encouraged by the judges to enter the Clean Tech Open. ''I enjoyed the experience of presenting our business model in front of venture capitalists,'' one student said, ''as it gave me an understanding of how they really do business.''
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© Copyright 2012 Maharishi University of Management
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