Several entrepreneurs in the region have been selected as semifinalists in the worldwide Cleantech Open.
The business competition is largest in the world to exclusively target the cleantech industry. Participants in the program receive mentoring, business training and compete for $1 million in prizes, and the prestigious national title.
Among the 104 semifinalists are Biogas & Electric of La Mesa, in the air, water and waste category; Team TransPower of Escondido in the transportation category; and in the green building category, ChloroFill and Skanden Energy both of San Diego.
The semifinalists were selected from a pool of more than 270 entrepreneurs in the clean technology sector that submitted applications earlier this year.
The teams selected will compete for regional prizes of up to $50,000 cash and in-kind services. As many as six of the semifinalists will advance to the national level and compete for a grand prize of $250,000 in cash and services.
Over the next few months, each team will receive expert coaching from the Cleantech Open’s network of mentors, consultants and attend an intensive boot camp at the Cleantech Academy.
Each will develop a business plan and investor pitch for presentation to a panel of professional investors and experts. The National awards ceremony will be held Nov. 17.
“This year’s entries are more numerous and more innovative than ever,” said Rex Northen, executive director of the Cleantech Open. “Semifinalists will receive help with everything from grant-writing to public relations and the winners will walk away with a valuable ‘startup in a box’ of cash and business services. The network of Cleantech Open volunteers can now engage to realize the potential of these talented entrepreneurs.”