The Rice Alliance for Technology and Entrepreneurship will host the regional qualifier for a Department of Energy-backed student competition, and the application deadline to participate is coming up.
The DOE's EnergyTech University Prize, or EnergyTech UP, a virtual regional qualifier hosted by the Rice Alliance will take place in February, and applications for students and faculty are now open. A $400,000 collegiate competition, the program challenges student teams to develop a business plan based off of National Laboratory-developed or other emerging energy technology.
"Understanding that energy is often inherently local, competitor teams first present at their designated regional events in February, where regional finalists are identified," reads an email from Rice. "Finalists are provided exclusive mentorship to help students refine their ideas throughout February and March."
If selected as a finalist, the student teams will pitch at Zpryme’s 2024 Energy Thought Summit in Austin, Texas on April 15, 2024.
The application deadline is February first for students. To qualify, the student teams must:
- Be comprised of university or college students
- Have at least two students on the team (can be undergraduate students, graduate students, or a mix)
- Create a business plan based on a national lab technology or technology from their university
This year there's a new track for faculty that has a prize of $100,000 on the line. Faculty have until January 5 to apply.
The DOE is hosting an informative webinar on December 5 for those interested in learning more.
The 2023 competition had one winning Houston-based team from Prairie View A&M University and University of Houston. The team, entitled "Revolutionizing Hydrogen with Ceramic Membranes" won the National Lab Technology IP Licensing Bonus Prize.