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The Federal Government wants your bright ideas.

As part of The Energy Independence and Security Act of 2007, the U.S. Department of Energy (DOE) established the first ever government-sponsored technology competition. It's called Bright Tomorrow Lighting Prizes (L Prize) competition.

According to the DOE, "The legislation challenges industry to develop replacement technologies for two of today's most widely used and inefficient technologies: 60W incandescent lamps and PAR 38 halogen lamps. It also calls for development of a 21st Century Lamp that delivers more than 150 lm/W. The competition will award significant cash prizes, plus opportunities for federal purchasing agreements, utility programs, and other incentives for winning products."

We're talking $10 million dollars.

The New York Times says, "The L Prize has garnered significant attention in the lighting industry because 60-watt incandescent lamps represent 50 percent of all the lighting in the United States, with 425 million sold each year. The Energy Department says that if all those lamps were LED equivalents, enough power would be saved to light 17.4 million American households and cut carbon emissions by 5.6 million metric tons annually."

Phillips became the first to enter the competition.

It's not just for big companies. You can find all the competition requirements here.

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