The $200 Million GE Ecoimagination Challenge
Over time, we’re seeing the figures around crowdsourcing getting higher and higher, and with further importance.
Proof of this is another great example, GE has a competition for students, businesses or pretty much anyone with an idea for Renewable Energy, Grid Efficiency, or EcoHomes/EcoBuildings, to submit them and the best ones will get funding from a $200 million total. For this, they’re teaming up with a few VC companies.
It’s called the Ecoimagination Challenge.
Here are some stats:
- 1.309 ideas logged already
- 33.210 votes
- 16.309 comments
- 16.291 users
Impressive! And what I find most importat, besides obviously the submission of ideas, is the comment part: this is fueling a great discussion about energy and its alternatives, which can boast not only better knowledge but also a greater awareness of the public for this cause.
And everybody wins! The public with new technology developed and GE and its VC partners, for business growth.
The competition will end at 30th September, and we’ll follow up on this as soon as there is an announcement on the funded ideas.