BOSTON, Mass. -- The Massachusetts Clean Energy Center and the Massachusetts Technology Transfer Center announced seven awardees will receive grants under the MassCEC Catalyst Program, aimed at commercializing the pioneering clean energy technologies coming out of Massachusetts’ world-class research institutions and now also startups based in Massachusetts. The seven awards will go to four Massachusetts-based startups and three Massachusetts institutions and total $250,000.
“I am thrilled that we have opened our application process to early stage startups and was happy to hear that this round we had such a high number of applicants,” said MassCEC Executive Director Patrick Cloney. “We received numerous impressive applications in the fifth round of this program and we look forward to adapting our program to keep it current with market needs.”
The MassCEC Catalyst Program, which is funded by MassCEC and managed by MTTC, awards early-stage researchers and startups grant awards of up to $40,000 to help demonstrate the commercial viability of their clean energy technology. The MassCEC Catalyst Program funding is part of the state’s match to the Department of Commerce funded Cleantech Innovations New England program.
Recipients must use funding for projects that move towards commercialization of their technology. Awards could be used to develop a prototype or to gather initial data in order to show proof of concept or to obtain data that shows how the technology compares to existing technologies and what the competitive advantages are. The goal of the Catalyst Program is to help technologies progress along the development curve to a point where additional commercialization funding can be obtained.
“We have had two technologies licensed and five startups spun out from previous awards we have given out,” said Abigail Barrow, Director of the MTTC, “We’re looking forward to seeing these new companies grow alongside our previous awardees.”
“Massachusetts’ vibrant start-up community and outstanding academic and research institutions, and the innovations they produce, are integral to the growth of our clean energy sector,” said Energy and Environmental Affairs Secretary Rick Sullivan. “MassCEC’s Catalyst Program provides a leg up toward commercialization of these technologies, and the inclusion of early-stage companies will create even more healthy competition for these awards. I look forward to seeing the results from this round of awardees.”
SOURCE: Massachusetts Clean Energy Center