Idaho National Laboratory seeks industry sponsor for its privately funded innovation incubator
The program would support promising start-ups in the areas of nuclear energy, integrated energy systems, cybersecurity, and advanced materials.
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 start-ups in the areas of nuclear energy, integrated energy systems, cybersecurity, and advanced materials.
The innovation incubator seeks to provide seed stage start-ups 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 start-ups 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.
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