Green business, green careers and job training
Solutions that build smart communities with green careers and sustainable businesses!
HOME
EDITOR'S BLOG
FEATURE ARTICLES
GET STARTED

Save on Career Education through Lorman Education

Our readers are offered a discount on Lorman seminars and courses. Check out their business, management and legal offers at this link to qualify for our discounts. They also offer green business training opportunities. Please visit http://www.lorman.com/training/CaliforniaGreenSolutions for a complete listing of courses. Register online or call Lorman at 866-352-9539.
Home > By DEPARTMENTS > Management > Green Economy

NREL's Entrepreneur-in-Residence Program

California companies win spot in DOE's Entrepreneur in Residence program to commercialize green energy project

Find green business solutions

Venture Capitalist Firm Selected for NREL's Entrepreneur-in-Residence Program

February 27, 2008 -- DOE’s newly established Entrepreneur in Residence (EIR) pilot program aims to accelerate deployment and commercialization of advanced clean energy technologies from 3 DOE National Laboratories into the global marketplace.

The EIR pilot program furthers a comprehensive strategy to reduce our nation’s dependence on foreign oil and reduce greenhouse gas emissions by empowering researchers and entrepreneurs to pioneer a new generation of clean energy technology.

Through a competitive solicitation, the U.S. Department of Energy (DOE) has selected the venture capitalist firm Kleiner, Perkins, Caufield & Byers to sponsor an entrepreneur at NREL under its new Entrepreneur-in-Residence Program. The entrepreneur will help identify opportunities for spin-off companies based on NREL-developed technologies. The entrepreneur will then help develop business plans for these promising technologies using a "venture-friendly" license agreement.

"While NREL has great networks within the venture capital community, the entrepreneur will bring different experience and skills directly into the laboratory," said Tom Williams, director of NREL's Technology Transfer Office.

The Entrepreneur in Residence pilot program provides venture capital-sponsored entrepreneurs with access into three Energy Department’s world-class national labs to accelerate adoption of advanced renewable energy and energy efficient technologies to fundamentally transform how we power this nation

The EIR pilot program involves placing venture capital-sponsored and selected entrepreneurs in three of DOE’s world-class National Laboratories to identify laboratory-developed technologies funded by DOE’s Office of Energy Efficiency and Renewable Energy, and to develop business cases for their commercialization. Following evaluation of responses to DOE’s October 2007 competitive Funding Opportunity Announcement (FOA), DOE has selected

  • Kleiner, Perkins, Caufield & Byers (Menlo Park, CA) to work with DOE’s National Renewable Energy Laboratory;
  • ARCH Venture Partners (Chicago, IL) to work with DOE’s Sandia National Laboratory; and
  • Foundation Capital (Menlo Park, CA) to work with DOE’s Oak Ridge National Laboratory.

Selections are subject to negotiation of final terms and execution of a Cooperative Agreement with each selected recipient.

The FOA proposed that each laboratory would host one entrepreneur in residence at a given time, and DOE would support this work by providing up to $100,000 for each entrepreneur to help defray salary and other expenses. Each firm will match DOE funding and may contribute additional funds to support its entrepreneur’s work.

Using their vast business expertise, the selected firms will be permitted to give proven start-up entrepreneurs the opportunity to work directly with laboratory staff for a hands-on look at various, commercially viable technologies. Entrepreneurs will conduct technology assessments, evaluate market opportunities, formulate preliminary business cases, and propose business structures in an effort to bring cutting-edge technologies to market.

Upon selecting a technology for commercialization, entrepreneurs in residence and their venture capital sponsors would negotiate a license to use the laboratory-developed technology.

Working with their respective entrepreneur, the venture capital sponsors will form and finance a start-up business based on the licensed technology.

The foundation of each start-up’s business plan would be the commercialization of licensed clean energy technologies.

Standard License Agreement Tailored for Small Business

To further accelerate the commercialization process, the EIR pilot program seeks to utilize a Standard License Agreement, tailored for entrepreneurs and small businesses. The Standard License Agreement includes a provision that would permit the EIR to offer partial ownership of the start-up company as full or partial payment for the license. This provides the opportunity for a start-up company to use its initial resources to grow the company rather than to make substantial up-front cash royalty payments. Built off of the structure of successful university licenses, the Standard License Agreement was attached to the FOA.

Sandia National Laboratories and Oak Ridge National Laboratory are also participating in this pilot program.



Edited by Carolyn Allen, owner/editor of California Green Solutions
Green Solution Providers
Green companies directory
Submit
your green solutions - business, nonprofit, government program.
It's free.
| innovation | green energy | DOE |

Share in Social Media

Sign Up For News & Information
Subscribe to our free solutions newsletter
BONUS DOWNLOAD (PDF)
"Ten+ Tips for Greening Your Office"

SUBSCRIBE HERE
Read prior issues: California GreenLines

Search For Green Solutions

Custom Search
Green Career Center
Green Job Wizard
Career Certifications Directory

green job training certifications
Green Biz Center
Solutions For Green
Directory of Green Companies

Solutions for Alternative Energy

rose in natural systems
Green Living Center
Solutions for Green: Consumers

Solutions for Remodeling

Backyard Nature Center

INSTANT GREEN POLL

"Knowing is not enough; we must apply. Willing is not enough; we must do." Goethe
RECENT ARTICLES
SITE NAVIGATION
ABOUT US

Related Articles

Resources for Recycled Content products and materials

“My Air, My Health Challenge” - Innovation awards from EPA

Green Chemistry $2.8 billion market opportunities in 2011

Related Green Resources

Marcom Tips
Interactive & Video Tips

Career Resources

We encourage lifelong learning to support sustainable communities and provide these select resources to help you pursue green and sustainable self-development:

Lorman Business Training Directory of On-line Business and Compliance Classes

Green Job Wizard Job and Career Certifications Directory

Job & Career Resources

Governance
Management
Manufacturing
Operations
Facilities
Transportation
Finance
Sales & Marketing
Human Resources

Green Economy

Business Sectors
Natural Resources

Solutions For Green

About Us ~ Privacy Policy
Contact Us ~ Home

Text Link Ads

AD: Place your link here

ABOUT CALIFORNIA GREEN SOLUTIONS

We help you green your career, workplace and community by connecting you to quality green, sustainable and high performance resources. California Green Solutions focuses attention on effective solutions that sustain our natural systems. You can support our editorial work by supporting our advertisers and spreading the word about best practices and green solutions.
California Green Solutions is a publication of Carolyn Allen ~ Copyright ©2006-2030 Carolyn Allen

B2B | Job Certifications | Alternative Energy | Events | Green Directory | LED Lights | Remodeling |
CONSUMERS | Backyard Nature | Senior Health | MultiMedia Marketing | Marketing | Networking Events | Japan |