The MIT Clean Energy Entrepreneurship contest is looking for the next generation of energy entrepreneurs. $200,000 cash is the top prize being awarded by the Massachusetts Institute of Technology, NSTAR Electric & Gas Corporation and the U.S. Department of Energy. "The ultimate goal of this contest is to find innovative solutions to transform today's energy systems into tomorrow's sustainable energy future," said MIT President Susan Hockfield in a press release. The competition, which will be held on the MIT campus, is open to both student and non-student teams of all experience levels. All teams will receive mentoring and exposure. The semifinalists and finalists will present and defend a business plan before a panel of clean energy industry experts and VC judges.

Entries are due by February 15, 2008. The final prize will be awarded in May. Click here to register.