ORNL Innovation Crossroads program opens second round of energy entrepreneurial fellowships

Entrepreneurs are invited to apply for the second round of Oak Ridge National Laboratory’s Innovation Crossroads program.

Up to five innovators will receive a two-year post-doctoral entrepreneurial fellowship that includes vouchers worth up to $350,000 for collaborative research and development at ORNL, startup business guidance and mentoring, and health and travel benefits. Entrepreneurs selected during the merit-based process are expected to begin the program by May 2018.

Innovation Crossroads is one of three U.S. Department of Energy Lab-Embedded Entrepreneurship Programs designed to embed top technical post-doctoral talent within national labs as research fellows with goal of subsequently launching businesses. The program focuses on early-stage research and development along with entrepreneurial guidance to enable innovators to inject new ideas into the national labs and transform their novel ideas into U.S.-based companies.

“We are very excited to be recruiting our second cohort. We believe that as knowledge of the program spreads, we’re going to see an increasing number of relevant startup companies working in the energy and advanced manufacturing space,” said Beth Conerty, Project Manager for Entrepreneurship in ORNL’s Office of Industrial Partnerships and Economic Development. “Even though we’ll only be selecting five, it’s great to get connected with these companies and see all the progress that is being made. Our first cohort has been so enjoyable to work with, and we’re looking forward to adding to that group and getting to meet more innovative scientists.”

Innovation Crossroads fellows have access to world-class research facilities and scientific expertise at ORNL, including the Manufacturing Demonstration Facility, the National Transportation Research Center, the Oak Ridge Leadership Computing Facility, the Center for Nanophase Materials Sciences, and the Spallation Neutron Source.

Through regional partnerships with entrepreneurial and business accelerator organizations, fellows also receive assistance with developing business strategies, conducting market research, introductions to potential commercial partners, and finding additional sources of funding.

The first cohort of Innovation Crossroads fellows began their terms this summer. These first-time entrepreneurs include Anna Douglas (SkyNano), who is developing a process that uses carbon dioxide as a feedstock to produce low-cost carbon nanotubes; Matthew Ellis and Samuel Shaner (Yellowstone Energy), who are jointly developing an advanced nuclear reactor design; and Mitchell Ishmael (Active Energy Systems), who is developing a system for low level heat recovery and energy storage.

Click here for the original ORNL announcement. 

Pre-applications open for second cohort of Innovation Crossroads program

Energy entrepreneurs now have the opportunity to pre-apply to participate in the second Innovation Crossroads cohort.

The program at Oak Ridge National Lab, in partnership with the U.S. Department of Energy, is providing a runway for innovators who will disrupt the energy economy.

Innovation Crossroads matches aspiring early stage energy researchers with the experts, mentors, and networks in technology-related fields to take their world-changing ideas from R&D to commercial applications.

The first cohort of entrepreneurs was announced earlier this year.

Previous story: ORNL unveils five entrepreneurs, four companies in inaugural “Innovation Crossroads” cohort

Through an annual call, up to five entrepreneurs will be selected to work at Oak Ridge National Lab and transform their ideas and bring new ideas to the lab with financial support from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE).

Innovators will receive a fellowship that covers living costs, benefits and a travel stipend for up to two years, plus substantial financial support for collaborative research and development at ORNL. Each innovator will also be paired with a doctoral student from the University of Tennessee’s Bredesen Center for Interdisciplinary Research and Graduate Education for assistance with market research and customer discovery.

To pre-apply for the second Innovation Crossroads cohort, click here. The official application will open Tuesday, September 19.