Source: DOE EERE | Release | July 6, 2020
Today, the U.S. Department of Energy (DOE) announced the latest cohorts in its Lab-Embedded Entrepreneurship Programs. The 20 selected researchers will leverage the National Laboratories’ expert mentorship and world-class facilities over the next two years to advance their energy and manufacturing technologies from concepts to products.
The Lab-Embedded Entrepreneurship Programs place top scientists and engineers within the National Laboratories to perform early-stage research and development that could lead to the launch of an energy or manufacturing businesses. In addition to providing technological access and support, the programs teach these innovators entrepreneurial skills and facilitate commercial and investment opportunities.
“DOE’s Lab-Embedded Entrepreneurships offer a unique and valuable experience for some of America’s most promising scientists and researchers,” said Alex Fitzsimmons, Deputy Assistant Secretary for Energy Efficiency. “By helping entrepreneurs bring their concepts to market, the Department is investing in new energy and industrial technologies that bolster our nation’s energy and manufacturing competitiveness.”
The selected innovators’ concepts reflect the priorities of DOE’s Office of Energy Efficiency and Renewable Energy (EERE), including improvements in energy efficiency, energy and material productivity, and energy storage. The cohorts will participate in the following programs:
- Chain Reaction Innovations at Argonne National Laboratory The Chain Reaction Innovations program’s latest cohort includes six teams funded by EERE working on technologies in computing and cybersecurity, smart manufacturing, advanced materials, and more. Meet the fourth group to join Chain Reaction Innovations.
- Cyclotron Road at Lawrence Berkeley National Laboratory The Cyclotron Road program’s sixth cohort will include seven teams funded by EERE working on technologies in additive manufacturing, advanced materials, electrification, building efficiency, and more. Learn more about the innovators joining the Cyclotron Road program
- Innovation Crossroads at Oak Ridge National Laboratory The Innovation Crossroads program will welcome four teams funded by EERE working on cybersecurity, efficient computing, additive manufacturing, and smart manufacturing. Learn more about the program’s fourth cohort.
Since 2015, the Lab-Embedded Entrepreneurship Programs have awarded more than $32 million to 89 fellows and more than 65 projects. Participants have gone on to attract more than $120 million in additional federal funding and follow-on private funding from philanthropy, angel investors, venture capital, and strategic investors.
DOE’s Lab-Embedded Entrepreneurship Programs are primarily funded by EERE’s Advanced Manufacturing Office. The Building Technologies Office, the Geothermal Technologies Office, and the Federal Energy Management Program will also fund selectees in this year’s cohorts.