GE, VCs offer $200 million in smart-grid challenge
General Electric and four venture-capital companies are putting up $200 million to award entrepreneurs for coming up with innovative ways to modernize the electricity grid.
At an event at San Francisco, the companies launched the "GE Ecomagination Challenge: Powering the Grid," a competition designed to cultivate smart-grid technologies. The money is being made available by GE, Emerald Technology Partners, Foundation Capital, Rockport Capital, and Kleiner, Perkinsk, Caufield & Byers, each of which are investing in green-technology start-ups.
"This challenge is about collaboration and we are inviting others to help accelerate progress in creating a cleaner, more efficient … Read more