Oak Ridge National Laboratory


News Release

Media Contact: Ron Walli (wallira@ornl.gov)
Communications and External Relations


ORNL hosting fourth annual Global Venture Challenge

OAK RIDGE, Tenn., Jan. 7, 2010 — Oak Ridge National Laboratory invites universities to apply to compete in the fourth annual Global Venture Challenge to be held March 24-26.

Global Venture Challenge 2010 is a unique educational event that brings together graduate student teams from across the country and around the world to present entrepreneurial ideas and to compete for significant cash prizes. The event also attracts venture investors and industry experts from across the country to serve as competition judges, and provides the opportunity for all participants to learn more about the emerging energy-related research being conducted at ORNL.

Global Venture Challenge 2010 will feature two tracks focused on innovations in energy and security with cash prizes of $25,000 awarded to the winning team for each track.

Track 1 is sponsored by the Department of Energy's Industrial Technologies Program and will address innovations in Advanced Materials for a Sustainable Energy Future for advancing technologies to save energy and money, increase productivity and reduce environmental impacts; and Track 2 is sponsored by the Department of Homeland Security Community and Regional Resilience Institute to address innovations in Community Resilience and Homeland Security for enhancing the ability of communities to recover rapidly from natural and manmade disasters. The event will also include a venture showcase to highlight other entrepreneurial ventures in these areas of interest.

Applications are due Jan. 18. All teams selected to participate in the semi-finals will receive a travel sponsorship to assist with costs to attend the event, which will be held onsite at Oak Ridge National Laboratory.

Additional sponsors of the 2010 event include Oak Ridge Associated Universities, Battelle Ventures, National Venture Capital Association, East Tennessee Economic Council and Meritus Ventures. For more information, please contact Jennifer Palmer at (865) 241-4218 or info@globalventurechallenge.com. To learn more about the event, please visit www.globalventurechallenge.com.

UT-Battelle manages ORNL for DOE.