
Green Start-Ups Compete for Impressive Prizes
Green Start-Ups Compete for Impressive Prizes
Two of the biggest challenges of being a start-up – particularly one competing in the red hot green industry – is getting noticed, and getting funded. That’s why competitions – like GE’s Ecomagination Challenge – are vital to eco entrepreneurs: they promote and fund some of the world’s best and brightest ideas for sustainability. The first installment of the $200 million Challenge – the “Powering the Grid” competition, which wrapped in November – upped the ante in terms of funding. GE announced today that that it intends to acquire FMC-Tech, an Ireland-based leading provider of real-time power line monitoring technology – and one of twelve Challenge winners with the best ideas for bringing the power grid into the 21st century.
GE’s ecomagination Challenge: Powering Your Home is the most recent open call to action for businesses, entrepreneurs, innovators and students with breakthrough ideas for home energy creation, management and use.



