As I’m sure some of you have noticed, InnoCentive has been adding to our list of Pavilions to help support our commitment of offering you the chance to submit Solutions that can help make our world a better place. In yesterday’s Boston Globe, on the front page of the Business Section, reporter Carolyn Johnson discusses some of these Pavilions, in particular the one dedicated to Clean Technology. I recommend you take a look; it discusses open innovation in general and mentions some other interesting crowdsourcing projects you should all check out.
Last week, we officially launched the Clean Tech and Renewable Energy Pavilion, featuring eco-friendly Challenges. As we mentioned in the press release, in 2007, more than $3B was committed to clean technology companies by venture capitalists, a 100% increase from 2006. The Pavilion addresses this growth and the critical need for innovative products and services that will have a positive impact on the Earth's environment. A sponsor, the Barr Foundation, has posted the Boston Innovation Challenge on the Pavilion. This is a Barr Foundation initiative in collaboration with the Cambridge Energy Alliance, a public-private collaborative formed to reduce energy usage in the City of Cambridge, Massachusetts, within five years. The Challenge offers a prize of $30,000 for the design of a radically energy-efficient method of cooling and dehumidifying residential and small commercial spaces.
Until next time,