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TECH INDUSTRY NEWS
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Clean-technology competition heats up

Ten contestants vying for $40,000 in prize money will pitch their plans Thursday.

BY ASHLY MCGLONEPublished: May 18, 2010 09:39 AM

Ten semifinalists will vie for a spot among the top five candidates in the Clean Tech Business Plan Competition, sponsored by the Anaheim Center for New Energy Technology, or AC-NET.

The second annual event seeks to identify promising, market-ready, clean-tech products and services that combat Southern California’s energy and water supply shortages. A total of $40,000 in prize money is awarded to the winning plan developers, with $25,000 going to the grand-prize winner, $10,000 for second place and $5,000 for third place.

“We have a strong and promising field that embodies the best of innovation and entrepreneurship in the clean-tech field,” said Anaheim Mayor Curt Pringle. “I look forward to a spirited competition that will reveal the companies ready to claim AC-NET’s top prizes and propel themselves toward further success.”

The 10 contestants will pitch their plans to members of the venture capital, clean-tech, utility and academic communities on Thursday at the Gordon Hoyt Conference Room in the Anaheim West Tower at 201 S. Anaheim Blvd. Then five finalists will advance to the main event, which will be held June 23 at the Anaheim Convention Center.

Participation for this year’s competition rose by more than 20 percent compared to last year.

Three semifinalists, EcoCover, Flex Energy and SierraWave have offices in Irvine. Rounding out the finalists are Advanced Hydro, E3 Greentech Enterprises, Electron Warehouse, Ener-G-Rotors, HE System Technologies, Pace Controls and Prism Solar. The finalists hail from Georgia, Illinois, New York, Pennsylvania and Texas.

Pringle introduced AC-NET – an organization established by the city of Anaheim and Cal State Fullerton – in 2008.

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