Clean energy entrepreneurs have a new way to raise money at University of Central Florida.
The school announced this week that it has received one of eight U.S. Department of Energy grants as part of the government agency’s Cleantech University Prize, which supports clean energy innovation.
As part of the grant, the university will host a yearly competition for clean energy entrepreneurs, with the winning team set to take home $50,000 in seed funding.
Megawatt Ventures will recruit 10 teams from the Southeast U.S.
“We are excited to be selected by the DoE to serve in a leadership role in driving clean-energy innovation,” Thomas O’Neal, associate vice president at UCF’s Office of Research and Commercialization, said in a release.
