Catalyst - Program Results
Advance innovation: Provide early-stage, clean energy researchers and startup companies with grant awards and business mentoring to transform new discoveries from the research stage into commercially viable technologies.
Key Metrics and Results:
Since the program began, the program has funded $2.73 million to 69 projects that have gone on to raise more than $100 million in follow-on funding and develop 104 new pieces of intellectual property (IP). One out of every 4 university awardees has created a new company, and 4 out of 5 of the technologies funded are still being actively developed and/or commercialized by the companies or universities.