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Inaugural Pacific Northwest Clean Tech Open Draws More than 50 Competitors

Entrepreneurs, paired with veteran business mentors, will develop and polish business plans to compete for $150,000 in cash and professional services

SEATTLE (June 11, 2009)– The Pacific Northwest region of the Clean Tech Open (CTO), an innovation catalyst that helps great ideas become viable clean tech businesses, today announced that a total of 56 teams will compete this summer in the region’s first annual business competition.  The Pacific Northwest region, which includes Washington, Oregon and Idaho, exceeded its goal of 40 competitor teams by attracting entrepreneurs from across the region. The entrants represent a wide variety of clean tech categories including advanced biofuels and biomass, ocean and wind energy as well as energy efficiency.

“This impressive turnout proves that our region is a hub for innovation,” said Byron McCann, co-chair of the Clean Tech Open Pacific Northwest chapter, and partner with Ascent Partners Group. “Our local entrepreneurs are hungry for the help the CTO will provide to take their great ideas and turn them into successful businesses. In turn this will create jobs, increase state revenue and provide clean sources of energy.”

Teams entering the competition included 36 from Washington State, 14 from Oregon, five from Idaho and as allowed by competition rules, an additional team based in Vermont. Team breakdown by region include:

Washington State: 3 Phase Energy Systems, Adcentivize, Barr-Tech, Bioalgene, BioCorrosion Solutions Inc., Char for Change, Clarian Technologies, Divvy, Eco Solution, ecowell, Elektronova, Extreme Caps, Frankentrikes, Green Machine Technology, Green Windows, GreenTraffic, Hydrovolts, InnovaTek, InTheWorks, Inc., Jet Tobacco, LivinGreen Materials, MountainLogic, NG AeroPropulsion, NHThree, LLC, Oasys Solutions, Pangreen, Peoples, Port of Benton, Sea to Steam, Silk Road Environmental, Soaring Eagle AirTaxi, LLC, Soluxra, The Remediators, United States Wind Energy Company, Wind2O, Zebigo

Oregon: AmeriStar EcoStations, LLC, Bright Neighbor, Columbia Green Technologies, Dune Sciences, Inc., Efficient-V, Inc., Green Goose, Green Lite Motors, M2Fuel, M3 Wave Energy Systems LLC, NADAC Systems LLC, Shorepower Technologies, The Working Worms, TL Power, Virticus

Idaho: GoNano, Heat 2 Optimize, IVUS, R2EV, Stirling Energy Now

Vermont: sirius/pureprophet, ltd.

In addition to cash prizes and in kind services are other incredibly valuable opportunities for a winner, including $15,000 off the use of Avista Corporation’s  Clean Energy Test Site in Idaho, part of Avista’s Platinum Level Sponsorship of CTO.

“Creating new, clean technology in the lab is challenging enough,” said Roger Woodworth, vice president for sustainable energy solutions at Avista. “But proving it at scale is one of the biggest challenges facing cleantech entrepreneurs. Our sponsorship supports the development of many great ideas, and our Clean Energy Test Site Award will help prove new technology on the grid."

To the competitors, the CTO is far more than a typical business plan competition – it’s closely akin to a community. In addition to the participants, more than 50 business leaders have volunteered to run the contest, provide counsel and in-kind services to competitors, and overall evangelize for the growth of clean tech in the region.  Business leader volunteers come from across the spectrum of venture capital, legal, science, environment, and policy. They are committing time and resources to help clean technology entrepreneurs create or evolve business models to support their clean technology idea, raise money, find strategic partnerships and launch a business.

Twelve semifinalists will be selected at an event on June 25th and then invited to participate in the Clean Tech Open Accelerator program, where they will be given hands-on training and experience in all aspects of starting and sustaining their businesses from national experts in venture capital, business, law, marketing and sustainability. More information on the competition is available on the web at: http://www.cleantechopen.com/about.php?page=pacific_northwest#enter

About the Clean Tech Open

Clean Tech Open is a catalyst for clean tech innovation. A non-profit organization founded in 2006, it provides today’s clean tech innovators with the tools, training and connections they need to become tomorrow's viable clean tech businesses. The core of Clean Tech Open is an annual business competition, supported by expert volunteers and mentors, that provides entrepreneurs with the crucial business training, services and insights they need to go to market successfully. Clean Tech Open has assisted over 100 companies raise more than $120 million in external funding, and has spurred the creation of hundreds of jobs in California. Fueled by a network of over 400 volunteers and sponsors, Clean Tech Open unites the public and private sectors in a shared vision for making America's clean tech sector a thriving economic engine. Past alumni successes include Adura Technologies, Cool Earth Solar and GreenVolts. To learn more, visit: www.cleantechopen.com.

 

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Contact:

John Williams, PR Chair, PNW CTO

206-625-0075, jwilliams@scovillepr.com