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ORNL launches new business accelerator for energy tech entrepreneurs

Posted at 7:39 pm September 22, 2016
By Oak Ridge Today Staff Leave a Comment

Pictured above during an Innovations Crossroads business accelerator announcement on Tuesday, Sept. 20, 2016, at the National Transportation Research Center in Hardin Valley are, from left, Mark Johnson, Johanna Wolfson, Moe Khaleel, Thomas McDonald, Charlie Brock. (Photo by ORNL)

Pictured above during an Innovation Crossroads business accelerator announcement on Tuesday, Sept. 20, 2016, at the National Transportation Research Center in Hardin Valley are, from left, Mark Johnson, Johanna Wolfson, Moe Khaleel, Thomas McDonald, and Charlie Brock. (Photo by ORNL)

 

The nation’s top innovators will soon have the opportunity to advance their promising energy technology ideas at the U.S. Department of Energy’s Oak Ridge National Laboratory in a new program called Innovation Crossroads. Up to five entrepreneurs will receive a fellowship that covers living costs, benefits, and a travel stipend for up to two years, plus up to $350,000 to use on collaborative research and development at ORNL. The first cohort is expected to start the program in early 2017, a press release said.

A growing global population and increased industrialization require new approaches to energy that are reliable, affordable, and carbon neutral. While important progress has been made in cost reduction and deployment of clean energy technologies, a new program at DOE’s Office of Energy Efficiency and Renewable Energy, or EERE, will invest in the next generation of first-time clean energy entrepreneurs to accelerate the pace of innovation, the press release said.

Innovation Crossroads is the most recent clean energy accelerator to launch at a DOE national laboratory and the first located in the Southeast. ORNL is the nation’s largest science and energy laboratory, with expertise and resources in clean energy, computing, neutron science, advanced materials, and nuclear science.

“There is a huge opportunity and need to develop an emerging American energy ecosystem where clean tech entrepreneurs can thrive,” said Mark Johnson, director of EERE’s Advanced Manufacturing Office. “This program gives the next generation of clean energy innovators a chance to make a transformative impact on the way we generate, process, and use our energy resources. Innovation Crossroads will play an important role in strengthening the Southeast region’s entrepreneurial ecosystem.”

Located on ORNL’s main campus, Innovation Crossroads entrepreneurs will have access to ORNL’s world-class research talent and DOE facilities including the Manufacturing Demonstration Facility, the National Transportation Research Center, the Oak Ridge Leadership Computing Facility, and the Spallation Neutron Source. Through a partnership with mentor organizations in the Southeast, participants will also receive assistance with developing business strategies, conducting market research, and finding long-term financing and commercial partners, the press release said.

“ORNL has an excellent reputation for collaborating with industry and moving innovation to the commercial marketplace,” said ORNL Director Thom Mason. “We look forward to expanding our focus to include clean energy entrepreneurship. We recognize that growing new energy technology companies is not easy: entrepreneurs need to develop and validate technologies, build prototypes, secure customers, and raise several rounds of capital. Support from Innovation Crossroads can significantly improve the prospects for promising new energy ventures.”

Innovation Crossroads is part of EERE’s Lab-Embedded Entrepreneurship Program, or LEEP, which is sponsored by EERE’s Advanced Manufacturing Office and co-managed by EERE’s Technology-to-Market Program. LEEP includes Lawrence Berkeley National Laboratory’s Cyclotron Road and Chain Reaction Innovations, which launched at Argonne National Laboratory earlier this year. Innovation Crossroads will be led by Tom Rogers, ORNL director of industrial partnerships and economic development.

“LEEP is a new model for energy R&D,” said Johanna Wolfson, director of EERE’s Technology-to-Market Program. “The combination of having top technical talent embedded in a world-class R&D facility, and maintaining a laser focus on entrepreneurial endeavors is creating a new generation of energy entrepreneurs working to bring really challenging solutions to fruition.”

Interested entrepreneurs can learn about the Innovation Crossroads at innovationcrossroads.ornl.gov and submit a pre-application.

Pictured above during an Innovations Crossroads business accelerator announcement on Tuesday, Sept. 20, 2016, at the National Transportation Research Center in Hardin Valley are, from left, Tom Rogers, Charlie Brock, Moe Khaleel, Thomas Zacharia, Mark Johnson, Thomas McDonald, Philip Taynton, Johanna Wolfson, and Beth Papanek. (Photo courtesy ORNL)

Pictured above during an Innovation Crossroads business accelerator announcement on Tuesday, Sept. 20, 2016, at the National Transportation Research Center in Hardin Valley are, from left, Tom Rogers, Charlie Brock, Moe Khaleel, Thomas Zacharia, Mark Johnson, Thomas McDonald, Philip Taynton, Johanna Wolfson, and Beth Papanek. (Photo courtesy ORNL)

 

Here are the titles of those pictured above:

  • Mark Johnson, Advanced Manufacturing Office Director, Office of Energy Efficiency and Renewable Energy, US DOE
  • Johanna Wolfson, Technology-to-Market Director, Office of Energy Efficiency and Renewable Energy, US DOE
  • Thomas Zacharia, Deputy Director for Science and Technology, ORNL
  • Moe Khaleel, Associate Laboratory Director, Energy and Environmental Sciences, ORNL
  • Tom Rogers, Industrial Partnerships and Economic Development Director, ORNL
  • Charlie Brock, President and CEO, Launch Tennessee
  • Philip Taynton, CTO and Co-founder, Mallinda
  • Thomas McDonald, Chief Science Officer, Mosaic Materials
  • Beth Papanek, ORNL Entrepreneurship Program Manager

 

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Copyright 2016 Oak Ridge Today. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Filed Under: Front Page News, Oak Ridge National Laboratory, ORNL, Slider, U.S. Department of Energy Tagged With: Advanced Manufacturing Office, Argonne National Laboratory, business accelerator, Chain Reaction Innovations, Charlie Brock, clean tech entrepreneurs, Cyclotron Road, DOE, EERE, energy tech entrepreneurs, Innovation Crossroads, Johanna Wolfson, Lab-Embedded Entrepreneurship Program, Lawrence Berkeley National Laboratory, LEEP, Manufacturing Demonstration Facility, Mark Johnson, Moe Khaleel, National Transportation Research Center, Oak Ridge Leadership Computing Facility, Office of Energy Efficiency and Renewable Energy, ORNL, Spallation Neutron Source, Thom Mason, Thomas McDonald, Tom Rogers, U.S. Department of Energy

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