Process

The MIT Clean Energy Entrepreneurship Prize is awarde through MIT $100K Entrepreneurship Competition -- Energy Track. MIT student teams, other student teams, and professional start-up teams are eligible to participate in the Energy Track only. The process will include networking and team building events, professional mentoring and skills development, along with a unified judging process.

The process will support three types of teams:

MIT Student Teams
Other Student Teams
Professional Teams

Eligibility criteria for each are available online.

The process is a complete meritocracy and therefore there are no quotas for the number of teams that will be advanced to the semi-finals and finals for the MIT CEEP. Judges will name and identify one team as best in group for the purposes of the secondary awards. There will be secondary prizes, one for the best MIT team, one for the best other teams.

Networking & Team Building (February 28th): Student teams develop and sharpen their skills teams (essentially getting free professional help to jump start their idea) can voluntarily participate in an elevator pitch competition, entrepreneurship seminars and other activities which are leveraged through pod casts and even Face Book or LinkedIn
Entries Dues (February 28th): All qualified teams must submit a 1,000 word business plan executive summary and small 10 page power point presentation.
Semi-finalists announced (March 6th): About 20 teams will be selected as semi-finalist participants (out of possibly several hundred). Teams will be assigned a mentor and begin to develop their business plans and go-to-market strategies. The semi-finalist teams will have nearly two months to hone their plans and presentations with the benefit of intense mentoring, training and skills development.
Mentors Dinner (March 13) - All Semi-fianlists, their mentors, and the MIT CEEP staff will attend a dinner to discuss team expectation and to come together in a clean energy celebration.
Finals (May 1): The 20 semi-finalist teams will have to submit a full business plan and a stand alone 10 page presentation.
Finals (May 8): Each team will present in front of a panel of judges and answer questions about their business. The top 5-7 teams will be identified to advance to the Grand Prize Judging.
Grand Prize Announcement (~May 13th): The top teams will present in front of a panel of judges and answer questions about their business. The teams will also present a public version of their businss to a live audience. The winning team will be announced and recognized at a special ceremony and presented the grand prize. Other prizes will also be awarded for specific areas of excellence from other competition sponsors. See Awards description.

Please check the calendar for the most frequent update. Register today to receive up-to-date information.