(IDAHO FALLS, Idaho) – The Idaho National Laboratory (INL) is seeking an industry sponsor to invest $5 million to $10 million in a privately funded innovation incubator. This program will combine the power of a national laboratory with private sector commercialization knowledge to unleash breakthrough innovations by finding and supporting promising startups in the areas of nuclear energy, integrated energy systems, cybersecurity and advanced materials.
The innovation incubator seeks to provide seed-stage startups aligned with the private sector sponsor’s strategic investment priorities with access to INL’s world-class facilities and technical expertise, which can de-risk and advance their innovations. INL and the private sector sponsor will jointly issue nationwide calls for entrepreneurs and startups to identify American technologies and talent. This effort will develop and narrow into a small cohort of top candidates who will be selected for investment. The incubator provides the private sector sponsor with direct access to a pipeline of innovation at a fraction of the cost of conventional acquisition. Sponsor benefits include:
- Pipeline to innovation: The incubator delivers a turnkey source of cutting-edge American innovation in the private sector sponsor’s areas of strategic interest, providing valuable new growth opportunities.
- Technology de-risking: National laboratory scientists and laboratory capabilities that provide unparalleled technical due diligence for identified opportunities and subsequent acceleration of technology advancement, resulting in opportunities that are substantially de-risked.
- Publicity for advancing American innovation: Partnering with INL adds credibility, goodwill and visibility to the private sector sponsor’s investments, demonstrating viable leadership in technical innovation.
Interested industry sponsors can contact Jim Keating for more information.
NEWS MEDIA CONTACTS:
Sarah Neumann, 208-526-0490, [email protected]
Joel Hiller, 801-597-6030, [email protected]
