Graduate students working on green startup business ideas should take note of a new opportunity at the Global Venture Labs Investment Competition (VLIC) at the University of Texas at Austin McCombs School of Business. Wells Fargo Clean Energy Prize is a special prize of $20,000 awarded to the best startup focused on improving energy efficiency, innovating energy delivery and offering energy from alternative fuels for both residential and commercial energy sectors..
“This partnership with Wells Fargo is ideal due to its commitment to renewable energy and entrepreneurial endeavors in this rapidly growing sector,” said Rob Adams, VLIC director. “Wells Fargo is a leader in Clean Energy and their reach and abilities are of real value to the companies raising money through the Venture Labs process.”
For more information about the Wells Fargo Clean Energy Award, please email us or call Ann Whitt, TVL Coordinator, at 512-232-6597.
Congratulations to the 2014 Winner - RediGen
RediGen, who was also the first runner up for the 2014 Global Venture Labs Investment Competition, won the $20,000 Wells Fargo Clean Energy prize at the Global Venture Labs Investment Competition. RediGen, founded by graduate students from Sasin Graduate Institute of Business Administration of Chulalongkorn University, produces a plastic made of 100% recycled materials, predominantly composed of used tire and recycled plastic, which is more cost-effective and eco-friendly than competitors.
Congratulations to the 2013 Winner - Seismos
Seismos, who won the Texas Venture Labs Investment Competition in February, won the $20,000 Wells Fargo Clean Energy prize at the Global Venture Labs Investment Competition in 2013. Seismos, founded by graduate students from the Master’s of Science in Technology Commercialization (MSTC) program at The McCombs School of Business, provides real-time measurements of oil and gas flows for enhanced oil recovery.