The U.S. Department of Energy’s Office of Technology Transitions selected 225 teams from 117 schools from 39 states — including three Houston-area universities — to participate in its annual startup competition.
The EnergyTech UP Student Track tasks collegiate teams to develop “actionable plans for business and commercialization opportunities around high-potential energy technologies.”
The competitors in the event, which is in its third year, will also receive free access to OTT’s Energy I-Corps curriculum. Finalists will receive mentorship from industry leaders on their proposals. Through three phases — Explore, Refine, and Pitch — with Bonus Prize winners also being selected along the way, the teams will compete for more than $400,000 in cash prizes.
Teams will present their proposals to a panel of judges in the hopes of being selected as a finalist in the first phase, the regional Explore Event.
Finalists will refine their ideas before pitching their complete plans at Zpryme’s 2024 Energy Thought Summit in April in Austin, Texas. The goal is for EnergyTech UP’s winning teams to have successfully identified promising energy technology, carefully assess its market potential, and create a business plan.
“We see immense value in supporting the next generation of clean energy leaders through EnergyTech UP” said DOE Chief Commercialization Officer and Director of OTT, Dr. Vanessa Z. Chan in a news release. “These teams are working to develop attainable, equitable, scalable energy technologies and business opportunities. They have the potential to profoundly impact the cleantech industry, and we’re proud to provide resources that can help bolster their ideas.”
Other Texas universities selected this year include:
- The University of Texas at Austin
- The University of Texas at El Paso
- Texas Tech University