The Massachusetts Institute of Technology is kicking off a competition to award $200,000 to entrepreneurs in the green-energy field.
The MIT Clean Energy Entrepreneurship Prize, announced Wednesday, combines two existing prizes and increases the prize money.
The revamped contest pulls in sponsorship from the U.S. Department of Energy and NStar, an electric and gas utility based in Massachusetts. In addition to receiving cash or services, competitors will also get mentoring from experts as they develop their business plans.
Sponsors hope the competition will accelerate the pace of innovation and energy.
"We want to help these entrepreneurs get … Read more