MegaWatt Ventures Clean Energy Business Plan Competition 2011


Application submission deadline


Competition Organizer

US Department of Energy, in conjunction with Florida's universities

Submission Date


Awards Date


Competition Category
  • Business - Local U.S.
  • Technology - Green
Who's Eligible
Competing teams must include at least one Florida-based engineering student. Teams can also be existing Florida-based small technology businesses that generated less than $1M in revenues in 2010, and that employ Florida-based engineering students in key development positions for the duration of the competition.
Important Dates

The application period opens on January 3, 2011, and closes on March 11, 2011. Ten teams will be selected to advance in the competition on March 21, 2011. These teams will then develop a commercially viable prototype and business plan. Teams will present their plans and prototypes in September 2011. The winning team will be announced in early October, 2011.

Competition Prizes

The ten finalist teams will each receive $10,000 to develop their prototype.

The grand prize winner will receive $100,000 to launch their new company. They will also be invited to present at NREL's Industry Growth Forum Event.

Other Info
The product concepts that are proposed by teams must fall into one of eight categories:
  1. Renewable energy
  2. Smart Grid
  3. Transmission & distribution systems
  4. Energy storage
  5. Energy-efficient transportation
  6. Efficient building technologies
  7. Energy-efficient materials/composites
  8. Water