Two Chicago collaborators with UT’s Research Park secure significant earmarks
Evergreen Climate Innovations received $475,000 to support clean technology start-ups, while mHub received $675,000 to develop regional supply chain for hard-tech start-ups.
Chicago Inno reports that several organizations in the Windy City, including two with ties to the University of Tennessee Research Park (UTRP), are benefitting from the recently passed federal budget.
Evergreen Climate Innovations, a nonprofit venture accelerator that supports entrepreneurs and start-ups bringing climate technologies to market, has been earmarked to receive $475,000 to support Illinois-based clean technology start-ups through business development training, professional mentorship, market strategies and networking opportunities.
The funding follows other federal support for local climate tech and innovations, including $200 million that Chicago climate-tech company LanzaTech is in line to receive from the Department of Energy and $160 million granted by the U.S. National Science Foundation to Great Lakes Renew, a six-state collaboration coordinated by Chicago-based water innovation hub Current.
In addition, mHub, one of Chicago’s premium manufacturing innovation centers, also received $675,000 to develop a regional supply chain network to connect domestic suppliers and contract manufacturers with hard-tech entrepreneurs to support and accelerate commercialization for hard-tech start-ups. Through technical assistance and network development, the effort is meant to help lower barriers to entrepreneurship and manufacturing and support the next generation of successful start-ups out of Chicago.
As noted in a September 2022 teknovation.biz article, both Evergreen Climate Innovations and mHub were partners with UTRP and its “Spark Cleantech Accelerator” in the Heartland Climate Tech Partnership, a collaboration of start-up programs across the Greater Midwest Region.
Like what you've read?
Forward to a friend!