Energy Club Team Wins Oak Ridge Business Plan Competition
March 30, 2009
OAK RIDGE, Tenn., March 27, 2009 — A Purdue University students' business plan for making low-cost, energy efficient lights has won first place in the Global Venture Challenge Idea to Product Competition at Oak Ridge National Laboratory.
The winning team took home the grand prize of $25,000 for a presentation on their company, SiMetal, which specializes in fabrication of low-cost, light-emitting diode, or LED, chips. The Purdue team members are James Cruse, Carlos Kemeny, Matthew Lynall and Isaac Wildeson.
Second place and a $10,000 prize went to the Clark Atlanta University-Morehouse College team for a presentation on their company, Apex Plastics. The Clark-Morehouse team members are Donald Hylton, Kamau Sewell, and Yemaya Stallworth-Bordain.
Third place and $5,000 went to the Duke University team and their company, CPS Biofuels. Duke team members are Jacqueline Coates, Lauren Knish, Hosoon Lim, Takayuki Yamazaki, and Gerry Grune.
The teams were judged by panels of energy executives, venture capitalists, technologists, entrepreneurs and legal experts.
ORNL Director Thom Mason and Tom Ballard, director of ORNL Partnerships Directorate, presented the team prizes.
The Global Venture Challenge, now in its third year, is an educational contest featuring entrepreneurial and technology-based business proposals presented by students from around the world.
This year's challenge, supported by the Department of Energy's Office of Industrial Technologies and UT-Battelle, also included an Energy Venture Showcase of energy efficiency products and services from several participating companies.
ORNL is managed by UT-Battelle for the Department of Energy.
- Mike Bradley
June 22, 2016
Groups of high schoolers eagerly lined up Tuesday morning at Purdue University to test how well their handcrafted wind turbines would perform when stacked against the power of four fans. The kids were competing to create a turbine that would generate the most energy as a part of a challenge for the Duke Energy Academy at Purdue. The annual academy, now in its fifth year, brings in U.S. high school students to learn about renewable energy with hopes they'll be inspired to pursue careers in science, technology, engineering and mathematics fields and solve energy challenges. "We want these students to be the leaders of tomorrow," said Pankaj Sharma, managing director of the Purdue Energy Center and Global Sustainability Institute. The academy lasts throughout the week and is hosting 52 students and 27 teachers from mainly Indiana schools, though about 20 percent come from outside states, said Tolu Omotoso, a civil engineering graduate student and coordinator for the academy.Read Full Story