Los Angeles-based CBRE Group Inc. has announced an extended deadline to Feb. 1, 2013, for the Real Green Research Challenge (RGRC), a four-year, $1 million endeavor to fund sustainability research and innovation relating to commercial real estate. CBRE is accepting submissions for research proposals, with the goal of developing solutions to the industry's critical environmental challenges.
Over the next four years, CBRE will award up to $1 million to fund independent academic research into sustainable real estate practices. Selected applicants will receive up to $250,000 for basic research and implementation, with initial funding in the second quarter of 2013. In addition to monetary funds, RGRC-funded projects will have access to CBRE's global market data and resources, which can help them to commercialize their ideas.
Full details about the RGRC, its evaluation criteria, and terms and conditions are available online.