Entrepreneurs in the clean-energy sector can submit business plans to vie for a new $200,000 prize from MIT.

The MIT Clean Energy Entrepreneurship Prize -- to be judged by a panel of industry experts and venture capitalists -- will be awarded to the entrepreneur who comes up with the best clean energy idea. The competition is sponsored by MIT, NSTAR Electric & Gas Corporation (NYSE:NST), and the U.S. Department of Energy, with further support from the Kauffman Foundation.

"We hope the educational and entrepreneurial resources associated with this process will inspire energy innovators to turn their research into commercial outcomes," said Lesa Mitchell, vice president of Advancing Innovation at the Kauffman Foundation.