Students from India Win 'NYC Next Idea' Competition

Mayor Michael Bloomberg yesterday announced the winner of the 2009-2010 "NYC Next Idea" competition. It's a contest that invites entrepreneurs from around the globe to propose business ideas that will improve the city.

This year's winner was a team of students from the Indian Institute of Technology in Madras, who called their company GreeNext Technology Solutions. Their idea featured a product that would store energy from any source in the city -- be it wind, solar, gas -- in a large battery that can be used as back-up power across all five boroughs.  One runner-up plan featured a device that can detect whether someone is infected with swine flu.

The winners will receive a cash prize of $20,000.