Eligibility

Teams competing in the 2011-2012 CEVC must satisfy the following requirements:

• Teams must be comprised of two or more members.
• Students from any Michigan college or university are eligible for the prize.
• The team should be able to demonstrate ownership, or access in a manner that can be converted to ownership, to the technology they intend to develop into a venture.
• Business concepts, core technologies or market solution must meet one of the clean energy challenges defined in the Clean Energy Definition
• Teams may add or remove team members throughout the competition.
• The proposed business may be for a consumer or an industrial product or service. The business may be for-profit or non-profit, though most competitive businesses demonstrate high growth and/or large market potential.
• Only current students of a Michigan college or university may present the business before judges. Teams may contain faculty, students from other schools, or non-students but only students from a Michigan college or university are eligible to present and receive prize money.

Exclusion

• Excluded from this competition are: buy-outs/turn-arounds, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area, and spin-outs from existing companies.
• Ventures with revenues prior to the current academic year are excluded. Ventures that have raised equity capital from sources other than the members of the student team before the current academic year are excluded.
• A business venture that reaches the Finals may not compete in future MBC/DTE competitions.