23 May '14, 2pm

DOE creates solar business competition under SunShot Initiative #solar

The U.S. Department of Energy (DOE) has created a new business competition under its SunShot Initiative, which will award a total of USD 1 million to support the rapid creation and development of products and solutions that address near-term challenges in the U.S. solar marketplace. SunShot Catalyst will consist of four phases, with awards in three of these phases: Ideation, Business Innovation and Incubation. Awards will get progressively larger, with up to USD 100,000 per prize awarded at the Incubation stage. “Intended to tackle market barriers and address technical problems that can be solved through automation, algorithms, data, and software, SunShot Catalyst will leverage the reach and power of online crowdsourcing to generate ideas, spur business innovations and develop prototypes,” states DOE. “The competition will also enable American entrepreneurs to launch cutti...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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