EnergyTech University Prize Offers $250K in Cash Prizes

By: Sharjeel Sohaib

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Dec 28, 2021

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The U.S Department of Energy’s (DOE) Office of Technology Transitions (OTT) has launched a college competition asking students to present energy solutions and products using DOE national laboratory-developed and other high-potential energy technologies.

Student teams compete for a total of $250,000 in cash prizes as they explore business opportunities for lab-developed or other high-potential energy technologies, assess commercialization opportunities through market analysis, and present a viable business plan to industry judges. Throughout the competition, they receive mentorship and materials to help them succeed.

Energy TechUp

DEO’s website notes that:

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 Technology Office
  • Solar Energy Technology Office
  • Office of Nuclear Energy
  • Office of Fossil Energy and Carbon Management
  • Building Technology Office
  • Water Power and Technologies Office

How it Works?

It’s a three step process before winners of this competition are announced:

  1. Teams first present at their closest regional events in January 2022, where regional winners are identified.
  2. First-place regional winners are provided exclusive mentorship and free access to OTT’s Energy I-Corps curriculum to help students refine their ideas throughout February and March.
  3. The regional winners pitch their complete business plan at Carnegie Mellon University Energy Week in March 2022.

Information Webinar about EnergyTech University Prize

The main idea behind DOE’s initiative to award cash prizes to students for coming up with latest approaches and solutions is to increase commercialization of energy innovation ideas.

PC: OTT

OTT Summer 2021 Entrepreneurship Program 

The Department of Energy’s (DOE) Office of Technology Transitions (OTT) launched its inaugural student intern program in June 2021. In this initial cohort of interns, 14 student interns were matched with 14 lab technologies. Each student was paired with a mentor. 

These students will work at the intersection of technology and business, as well as DEO’s US National Labs to advance commercialization via different energy commercialization projects. 

Below you can see a video of interns who participated in the OTT Summer 2021 Entrepreneurship program.


Other stories related to sustainable energy you might find useful:

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Author

  • Avatar Of Sharjeel

    Sharjeel joined Startempire Wire as emerging technologies editor. Earlier, he worked at Silicon Canals, a leading English language technology media source for the Benelux and wider Europe. He covered the European technology and startup ecosystem digging into latest funding rounds of startups.

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