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DOE announces $24 million in funding for 75+ technology commercialization projects
The U.S. Department of Energy (DOE) has announced more than $24 million in funding for 77 projects through its Technology Commercialization Fund (TCF), which will be matched by funds from the private sector. Established by the Energy Policy Act of 2005 as a way to encourage energy innovation, each of the recently awarded TCF projects supports private sector efforts to commercialize technologies developed at DOE laboratories. In turn, these projects help “to maximize the impact of our research investment for the benefit of the entire nation,” DOE Chief Commercialization Officer Conner Prochaska said in a press release. Projects involved company partners in 30 states, the District of Columbia and four other countries.
The table below highlights awards by lab:
Funds for commercialization projects ranged from $37,500 to $750,000. DOE received over 160 applications for 2019 TCF funding, with teams engaging more than 90 different partners across a variety of disciplines.