DOE’s Office of Technology Transitions Launches EnergyTech University Prize Geared Toward Students
The U.S. Department of Energy’s (DOE) Office of Technology Transitions (OTT) has announced the launch of the OTT-sponsored EnergyTech University Prize (EnergyTech UP), designed to further energy technology commercialization by challenging multidisciplinary teams of college students to develop and present a business plan that leverages DOE national laboratory-developed and other high-potential energy technologies.
EnergyTech UP awards $250,000 in total cash prizes to teams that navigate a three-phase process, which includes successfully identifying an energy technology (“Explore”), assessing its market potential (“Refine”), and proposing a strategy for commercialization (“Pitch”). The top teams will compete for a share of $100,000 in prizes funded by OTT. In addition, six DOE Technology Offices are offering up to $25,000 each in bonus prizes for the best teams in their respective fields. The six offices include the Geothermal Technologies Office, Solar Energy Technologies Office, Office of Nuclear Energy, Office of Fossil Energy and Carbon Management, Building Technologies Office, and Water Power Technologies Office.