Clean Energy Business Challenge Announced

Excerpts from Atlantic Coast Conference Schools Selected by Obama Adminstration to Co-lead Department of Energy's 1st Ever Nationwide Business Blan Competition

TORC, VPT Inc., and PowerHub Systems are VT KnowledgeWorks member companies.

The University of Maryland and its Atlantic Coast Conference partners, including Virginia Tech's College of Engineering, will lead a new, conference-hosted Clean Energy Business Challenge launching in the fall of 2011, encouraging students throughout the conference and the entire southeast United States to develop successful business plans and to create a new generation of American clean energy companies.

Funded by $2 million from the Department of Energy's (DOE) Office of Energy Efficiency and Renewable Energy (EERE), the ACC Clean Energy Challenge is one of six regional winners selected by the DOE to be part of its inaugural nationwide network of student-focused clean energy business creation competitions over the next three years. The first national grand prize competition will be held during the summer of 2012 in Washington, D.C….

"This effort will help Virginia Tech build on assets like its corporate research center, VT KnowledgeWorks, and current successful startups in the region by Hokie alumni, i.e. TORC, VPT Inc., and PowerHub Systems, to develop programs and academic focus that will prepare the next generation of technology leaders and entrepreneurs," added Jack Lesko, associate dean for research and graduate studies at Virginia Tech's College of Engineering.

Read the full article on Power Industry News.

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VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a self-sustaining not-for-profit subsidiary of the Virginia Tech Foundation, funded through the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in the Virginia Tech Corporate Research Center in Blacksburg, Virginia, USA.

VT KnowledgeWorks sponsors include Attaain, Inc., BB&T, The Branch Group, Handshake 2.0, Harris Office Furniture, Hodges, Jones & Mabry, P.C., Hutchison Law Group, LeClairRyan, New River Valley Intellectual Property Law, Science Applications International Corporation (SAIC) and The Becher Agency (TBA).

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