Twenty-one teams advance in MIT Clean Energy Prize competition
Several MIT Sloan students among semifinalist teams
April 9, 2014
Meltem Demirors, MBA ’15, at the Clean Energy Prize Kickoff Event last semester
The MIT Clean Energy Prize organizing team has announced 21 semifinalists in the seventh annual competition, which is open to graduate and undergraduate students from any university across the United States. Several teams featuring MIT Sloan students are included among the semifinalists.
The MIT Clean Energy Prize is a student-organized business plan competition where teams can submit their own clean energy or technology ideas into one of three categories: Energy Efficiency, Renewable Energy, or Infrastructure & Resources. Over a period of several months, the teams are mentored and critiqued by panels of venture capitalists, CEOs, lawyers, and academics.
This year, more than 60 teams from 24 universities across the United States expressed interest in the MIT Clean Energy Prize. Following the first round of judging, 21 teams were invited to enter the semifinal round of the competition. These teams receive mentoring, a $1,000 stipend, and access to MIT Clean Energy Prize resources such as partnerships with startup accelerators and a wide network of clean energy experts.
On April 27, a panel of expert judges will then review the plans. The top two teams in each category will move on to the finals on April 28 at the Sheraton Boston, when the six teams will compete for the $125,000 MIT NSTAR Clean Energy Prize and the $100,000 U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy Clean Energy Prize. Three track winners will each receive $25,000. In addition, the top MIT team will be automatically entered into the MIT $100K Entrepreneurship Competition.
The MIT Clean Energy Prize, conceived by the Martin Trust Center for MIT Entrepreneurship, is sponsored by the U.S. Department of Energy, Massachusetts-based utility NSTAR Electric, the Massachusetts Clean Energy Center, the law firm Morrison & Foerster, GE Ventures, and global energy group GDF Suez.
The semifinalist teams that include MIT Sloan students are listed below:
Nicola Azevedo, MBA ’14
Michael Chen, MIT PhD candidate, Chemistry
Matthew Kerr, SB ’14, MIT Electrical Engineering and Computer Sciences
Alan Zhou, PhD ’94, MIT Electrical Engineering and Computer Sciences
Anass Afilal, MFin ’14
Joseph Farias-Eisner, MBA ’15
Tristan Jackson, MBA ’15
Doug Powell, MIT PhD candidate, Mechanical Engineering
Shari Goetsch, EMBA ’15
Joe Schloesser, EMBA ’15
Zafer Sahinoglu, EMBA ’13
Mayank Agarwal, MBA ’14
Wardah Inam, MIT PhD candidate, Power Electronics
Daniel Strawser, MIT PhD candidate, Computer Science
Arthur Chang, MIT PhD candidate, Electrical Engineering, with a minor in Finance
Anas Al Bastami, MIT Laboratory for Electromagnetic and Electronic Systems
Jorge Elizondo, PhD candidate, MIT Electrical Engineering
Jinyeong Moon, PhD candidate, Electrical Engineering at the MIT Laboratory of Electromagnetic and Electronic Systems