Tom Quinn isn't the kind of entrepreneur who needs help getting his
ideas in front of the right people. He's a former president of
networking software maker Novell (NOVL), and he invented the motion-controller technology behind Nintendo's (NTDOY)
Wii while running a company called Gyration, where he raised
$40 million in venture capital. So why is he pitching his latest idea—a
portable system to convert food scraps and other waste into ethanol—on a
website frequented by basement tinkerers and dorm-room startups?
Quinn's E-Fuel is among more than 1,000 companies, inventors, and students vying for funding in a General Electric (GE) contest called the ecomagination Challenge. A half-dozen winners will get cash prizes of up to $100,000. More significantly, GE and four venture capital firms plan to invest $200 million in the best clean-technology ideas entered in the contest.
To read the full, original article click on this link: Ideas Wanted: Multinationals Open Doors to Entrepreneurs - BusinessWeek
Author: John Tozzi
