Teams competing in the 2010-2011 CEP must satisfy the following requirements:
- Teams must be comprised of two or more members.
- Student from any Michigan college or universities are eligible for the prize.
- Business concepts, core technologies or market solution must meet one of the clean energy challenges defined in the Clean Energy Definition above
- Teams may add or remove team members throughout the competition.
- At least one member of the team must be the author of the business plan.
- The proposed business may be for a consumer or an industrial product or service. The business may be for-profit or non-profit, though most competitive businesses demonstrate high growth and/or large market potential.
- Only current students of a Michigan college or university may present the business before judges. Teams may contain faculty, students from other schools, or non-students but only students from a Michigan college or university are eligible to present and receive prize money.
- Excluded from this competition are: buy-outs/turn-arounds, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area, and spin-outs from existing companies.
- Ventures with revenues prior to the current academic year are excluded. Ventures that have raised equity capital from sources other than the members of the student team before the current academic year are excluded.
- A business venture that reaches the Finals may not compete in future MBC/DTE competitions.