The U.S. Department of Energy (DOE) yesterday announced up to $1 million in funding to support energy technology incubators through a new prize opportunity named the “Energy Program for Innovation Clusters” (EPIC).
According to the news release announcing the competition, DOE also announced that the prize is the debut initiative in a $5 million program by the agency’s Office of Technology Transitions to encourage robust growth of regional energy innovation ecosystems. EPIC is designed to recognize the most innovative and impactful incubators that focus on developing strong innovation clusters, connections, and support for energy-related technology and entrepreneurship that bolster American economic competitiveness and national security.
DOE anticipates selecting up to 20 winning incubators for cash prizes of up to $50,000. The initiative is part of the American-Made Challenges series,