The US Department of Energy (DOE) has announced up to $1 million in funding to support energy technology incubators.
The technology incubators will be supported through a new prize opportunity, the Energy Programme for Innovation Clusters (EPIC).
This prize is the debut initiative in a $5 million programme by the DoE’s Office of Technology Transitions (OTT) to encourage robust growth of regional energy innovation ecosystems.
The aim is to recognise the most innovative and impactful incubators that focus on developing strong innovation clusters, connections, and support for energy-related technology and entrepreneurship.
The DoE seeks to bolster American economic competitiveness and national security.
Secretary of Energy Dan Brouillette, said: “Under the Trump Administration, the Department has taken a comprehensive approach to technology commercialisation that accounts for the entire journey from lab research to market reality.
“Incubators and accelerators are a critical stepping stone along that path, and the EPIC prize will give these organizations additional flexibility to build robust regional networks that strengthen the entire innovation lifecycle.”
DoE’s chief commercialisation officer, Conner Prochaska, adds; “OTT acts as the ‘front door’ to the Department of Energy, streamlining access to our world-leading research and development complex and connecting innovators with researchers, facilities, and intellectual property across all of our National Labs and facilities.
“Congress charged us with the critical task of enhancing our regional energy innovation ecosystems, and EPIC is our first completely new program designed to tackle that important mission.”
More information about the programme is available on the prize website