Unclear when this prize will actually be available, but it’s surely a good thing for pushing R&D forward. Will the rules preclude experiments in the wild (e.g. ocean fertilization)?
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Prize Capital Moves Closer to Creating $10 Million Algae Fuel Prize
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| San Diego-based Prize Capital said today it has entered the final phase of creating a $10 million prize to encourage advances in algae biofuels technologies. |
As part of the final planning process, Prize Capital founder and chairman Lee Stein convened a workshop of 26 leaders to draw up rules and other criteria for what Stein calls the $10 million Algae Fuel Prize. The group met for much of the day at UC San Diego’s Scripps Institution of Oceanography, and Stein told me during a break he had invited venture investors, scientists, environmentalists, and business and government leaders from across the country. But he was not willing to say how long final planning will take before the competition will be unveiled. |
| Prize Capital’s announcement is the culmination of work that began more than a year ago, Stein said, when initial planning began at the Washington Renewable Energy Conference |
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