In its third edition, the Cleantech Challenge Mexico 2012 is Mexico’s largest green company open tournament. During six months, 128 cleantech projects compete for up to $30 million USD in venture capital investment.
As a response to Mexico’s growing cleantech and renewable energy sectors, the Cleantech Challenge Mexico arose out of a series of conversations between the United Nations Environment Programme (UNEP) in Nairobi, Kenya, and GreenMomentum, Inc., the competition’s founders and organizers, as a proposal to promote The Green New Deal in Latin America.
Now in it’s third year, the Cleantech Challenge Mexico counts on the support of international development organizations, including USAID, UNIDO, and nearly all of Mexico’s government offices.
“The Cleantech Challenge Mexico has consolidated itself as a reference in Mexico’s green industry, creating a community of entrepreneurs that share the same vision,” said Rafael Carmona, general director of Impulso Verde A.C. and co-organizer of the Cleantech Challenge Mexico 2012.
Over the years, the Cleantech Challenge Mexico has seen a variety of successful projects, including Carbon Diversion Latin America. Based in Guadalajara, Jalisco, Carbon Diversion converts waste material from the neighboring tequila factories into biomass, now used in ovens across the country.
“Over the years, the Cleantech Challenge has grown into something more than just a competition for green companies, becoming a catalyst of Mexico’s growing green industry, directly contributing to the creation of sustainable jobs and cleantech companies in Mexico,” said Luis Aguirre-Torres, President and CEO of GreenMomentum, Inc., primary sponsor and organizer of the Cleantech Challenge Mexico 2012.
For more information about the Cleantech Challenge Mexico 2012, visit www.ctcm2012.org or follow the competition on Twitter @CTCM2012.