GE Ecomagination Challenge, invites all innovators above age of 18 to share their best ideas on how to build the next-generation power grid. There are three categories for submission:
Challenge 1: Create - Renewable Energy
Challenge 2: Connect - Grid Efficiency
Challenge 3: Use - EcoHomes/EcoBuilding.
The entry receiving the most user-submitted votes, will receive, subject to GE’s review for appropriate content, a cash award of $50,000. GE will also present each of five innovation challenge award recipients with $100,000 in cash, for a total of $500,000, to acknowledge these entries as examples of outstanding entrepreneurship and innovation.
Judges may also award one or more entrant:
* GE Scientific Merit Award to work with the GRC
In addition The evaluation committee will consider one or more of the following for selected entrants:
* An equity investment by GE or others
* A cooperative agreement to develop a product or technology
* A review of your product or service for possible qualification to be a part of the GE Ecomagination program.
Any individual 18 years old or older can participate, as can any organization. Enter as many ideas as you wish between July 13 and September 30, 2010.