Stories of Technology, Innovation, & Entrepreneurship in the Southeast

December 10, 2024 | Tom Ballard

ORNL releases 2024 Innovation Report

Among other highlights, the document notes that "Innovation Crossroads" companies have raised $214 million in follow-on funding.

Oak Ridge National Laboratory (ORNL) reports that the 45 participating companies since the “Innovation Crossroads” (IC) program was launched in 2017 have raised a total of $214 million in follow-on funding.

That’s just one of the insights offered in the recently issued 2024 Innovation Report from ORNL’s Partnership Office. IC is a Department of Energy Lab-Embedded Entrepreneurship Program node
located at ORNL. By embedding the next generation of top technical talent within ORNL, “Innovation
Crossroads” positions entrepreneurial researcher-fellows to address fundamental energy and
manufacturing challenges identified by industry.

Other highlights in the annual report include:

  1. 299 inventions disclosed;
  2. 86 patents issued;
  3. 407 Non-disclosure agreements executed;
  4. 29 licenses executed;
  5. 90 Cooperative Research and Development Agreements signed; and
  6. 91 User Agreements executed.

 



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