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A plan to make clean energy affordable around the world to poor, rural households without access to electricity won the grand prize of the 2008 Global Social Venture Competition at the University of California, Berkeley's Haas School of Business.

The winning team, MicroEnergy Credits Corp. from Columbia Business School at Columbia University in New York, received the $25,000 cash prize at an awards ceremony last Friday (April 18).

The competition now counts Columbia Business School, London Business School, Indian School of Business and Yale School of Management as partners.

This year, Thammasat University in Thailand and ESSEC Business School in France joined the University of Geneva and a consortium of business schools in Korea called Social Venture Competition Korea as outreach partners.

This year's Global Social Venture Competition at UC Berkeley drew entries for the preliminary round from a record 245 teams from 23 countries, up from 160 team entries last year.

The 10 finalist teams that had been selected at the semi-finals held at the regional partner schools met at UC Berkeley in February and March for a final round business plan evaluation by judges from the fields of social investment, philanthropy, venture capital, design, academia and corporate social responsibility.

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