DOE Expands its Entrepreneur in Residence Program
November 19, 2008
DOE announced on November 19 that it is opening a competitive solicitation for five more venture capital firms to participate in the Entrepreneur in Residence (EIR) program, which places entrepreneurs in DOE's national laboratories to conduct technology assessments, identify market opportunities, and accelerate them for commercialization. Each laboratory will host one entrepreneur at a given time, and that entrepreneur will be supported by up to $50,000 from both DOE and the venture capital firm. Each entrepreneur will then work with their assigned laboratory to license an identified clean energy technology and to develop a start-up business around it.
The five new firms that will be selected for this opportunity will be placed with Argonne National Laboratory, Brookhaven National Laboratory, Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory, and Pacific Northwest National Laboratory. The new solicitation expands on the February 2008 announcement that three venture capital firms had been selected to work with three other DOE national laboratories: Kleiner Perkins Caufield & Byers with the National Renewable Energy Laboratory; ARCH Venture Partners with the Sandia National Laboratories; and Foundation Capital with Oak Ridge National Laboratory. See the DOE press release, and the EIR page on DOE's Commercialization and Deployment Web site.