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GE Launches Global Ecomagination Challenge

Wednesday, July 9, 2014 5:00:00 AM PDT | VentureDeal
   Calgary, Canada  --  GE (NYSE: GE) announced the launch of a $1 million (CAD) open innovation challenge.

The Innovation Challenge aims to help accelerate technology development in Canada's oil sands to reduce greenhouse gas emissions.

In addition, the challenge should create new uses for waste heat and improved efficiency of steam generation.

Winners of the challenge will become eligible to become a supplier or contract to GE on future related projects.

Canada's oil sands represent the third largest oil reserves in the world.

Challenge winners will be announced in January 2015 and entries are now being accepted.

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