Friday, November 9, 2007

Billions Pouring into Sustainable Energy Ideas

Billions Pouring into Sustainable Energy Ideas

Demand is surging among investors for business ideas that will take advantage of changing views and regulations on greenhouse gases. However, at present there are not enough good projects to jump into.

Worldwide investments in sustainable energy (including wind, solar and water power) more than doubled from 2004 to 2006, to 70.9-billion, according to a 2007 report...Venture capital and private equity investments in sustainable energy increased 69% in 2006, to 8.6-billion.

Read the full report from here

Cisco I-prize - Seeking the Next Billion-Dollar Idea

Cisco Seeks Next Billion-Dollar Idea via I-prize

Cisco has launched a contest to find the next billion dollar idea.

The Cisco I-Prize is a global competition the company said is designed to help it find the next billion-dollar opportunity. The main requirement is that teams must use Cisco's collaboration technologies to develop their projects. The winning team will get an employment contract with a $250,000 signing bonus and up to $10 million in funding over three years to develop the business.

...one of the premises of the I-Prize contest is that ideas "have the potential to bring in at least $1 billion revenue to Cisco over a five- to seven-year period, and submissions must use the IP network as a platform."

Full news @ Internet News