The 2012 National Business Plan Competition was an enormous success. With speakers like Secretary Chu and the Chief Technology Officer Todd Parks, the 2012 Competition brought together experts from the business, venture capitalist and federal fields for a discussion about inspiring young entreprenuers.
From nearly 300 student-based teams from across the country, six finalist teams from the regional competitions (one finalist team from each region) pitched their business plans to a panel of expert judges at the National Competition Event. The teams were judged on clean energy impact, solution creativity, execution and financial strategy, market and customer knowledge, and team composition, chemistry and commitment.
NuMat Technologies from Northwestern University was announced as the grand prize winner of the Energy Department's inaugural National Clean Energy Business Plan Competition for their plan to commercialize a nanomaterial that stores gases at lower pressures, effectively increasing design flexibility and reducing infrastructure costs. NuMat Technologies won $100,000 in prize money, as well as legal, financial, technical, and commercialization assistance that was custom-tailored to their business.
SolidEnergy Systems, with their battery technology innovation, was announced as runner-up to NuMat, and Navillum Nanotechnologies was voted as the fan favorite. Learn more about the other 2012 finalist and runner-up teams by visiting the links below: