ATI and SECO team up to help launch two new clean energy incubators in Texas
The Austin Technology Incubator (ATI) and the State Energy Conservation Office (SECO) are announcing a program to launch two new clean energy incubators at Texas universities. This program will make two awards of $200,000 each to build clean energy incubation capability. Interested parties should go to the program website, http://www.ati.utexas.edu/cei-rfp/ for more detailed information.
This program is designed to help university commercialization programs and/or existing university incubators create dedicated clean energy incubators. The goal is to aid the commercialization of clean energy technologies and foster the growth of companies in the clean energy sector in Texas.
Building clean energy incubation capability can have a significant impact. Over the past two years, for example, ATI’s Clean Energy Incubator (ATI-CEI) identified a pipeline of over 200 clean energy companies and worked intensively with over 15 of them. These companies raised close to $20 million in investment capital and generated high-quality jobs. In addition, ATI-CEI organized or co-organized over 20 clean energy focused events to help build the Central Texas clean energy community. Those events drew more than 5,000 people. ATI and SECO believe that this success can be replicated in other regions in Texas. This program provides the seed capital to do so.
Applications for this program are due by 21 January 2011. Awards will be announced on 4 February 2011, at the UT Energy Forum in Austin.
Successful applicant universities will already have a strong commercialization and business building track record, and will use the funding provided by this program to expand that work into the clean energy sector. Funding from this program is intended primarily to cover personnel and some travel costs, in particular hiring a leader of the clean energy incubator.
ATI-CEI’s impact has been enabled by a close partnership with the local electric power utility, Austin Energy. ATI and SECO encourage applicants to partner with their local utilities and/or local energy industry as part of this program.
ATI will administer the program, which is funded through SECO’s “Clean Energy Incubator Emerging Clean Technology Program.”