GE & Venture Funds to Provide $200 Million in Funding for the Most Innovative Smart Grid & Green Power Solutions

The GE Ecomagination Challenge is a $200-million innovation experiment where businesses, entrepreneurs, innovators and students share their best ideas on how to build the next-generation power grid – and just might get funded. GE has teamed up with some of the best-known venture capital firms, including Emerald Technology Ventures, Foundation Capital, KPCB and Rockport Capital to help back the most promising ideas. Categories for submission are renewable energy, grid efficiency and ecohomes/ecobuildings. Entries may be submitted between July 13 and September 30 and must include a clear, detailed proposal describing an innovative, original smart grid technology. Details