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{{ | {{Program | ||
|ProgramName=Innovation Crossroads | |||
|ProgramType=Program | |ProgramType=Program | ||
|OrgSponsor=Office of Energy Efficiency and Renewable Energy | |OrgSponsor=Office of Energy Efficiency and Renewable Energy | ||
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The '''Innovation Crossroads''' program, launched in May 2017 by the Department of Energy’s [[Office of Energy Efficiency and Renewable Energy]] (EERE), embeds innovators at [[Oak Ridge National Laboratory]] (ORNL) as part of the [[Lab-Embedded Entrepreneurship Program]] (LEEP), supporting over 50 fellows across eight cohorts by 2025 who have raised more than $450 million in follow-on funding. | The '''Innovation Crossroads''' program, launched in May 2017 by the Department of Energy’s [[Office of Energy Efficiency and Renewable Energy]] (EERE), embeds innovators at [[Oak Ridge National Laboratory]] (ORNL) as part of the [[Lab-Embedded Entrepreneurship Program]] (LEEP), supporting over 50 fellows across eight cohorts by 2025 who have raised more than $450 million in follow-on funding. | ||
With initial backing from EERE’s Advanced Manufacturing Office (AMO) and the [[Tennessee Valley Authority]] (TVA), CRI has nurtured startups like SkyNano Technologies, leveraging ORNL’s facilities such as the [[Manufacturing Demonstration Facility]] and [[Spallation Neutron Source]].< | With initial backing from EERE’s Advanced Manufacturing Office (AMO) and the [[Tennessee Valley Authority]] (TVA), CRI has nurtured startups like SkyNano Technologies, leveraging ORNL’s facilities such as the [[Manufacturing Demonstration Facility]] and [[Spallation Neutron Source]].<ref>{{cite web |url=https://innovationcrossroads.ornl.gov |title=Innovation Crossroads |publisher=Oak Ridge National Laboratory}}</ref> | ||
Cohort 8 began in June 2024, and with applications for Cohort 9 open as of February 2025, it continues to drive DOE’s clean energy innovation agenda. | Cohort 8 began in June 2024, and with applications for Cohort 9 open as of February 2025, it continues to drive DOE’s clean energy innovation agenda. | ||
{{ | {{Official URL (simple)|url=https://innovationcrossroads.ornl.gov}} | ||
==Goals== | ==Goals== | ||
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* De-risk early-stage energy and manufacturing technologies for market entry within two years. | * De-risk early-stage energy and manufacturing technologies for market entry within two years. | ||
* Train innovators in entrepreneurship to launch impactful startups. | * Train innovators in entrepreneurship to launch impactful startups. | ||
* Enhance U.S. clean energy competitiveness with significant private investment.< | * Enhance U.S. clean energy competitiveness with significant private investment.<ref>{{cite web |url=https://www.energy.gov/eere/amo/lab-embedded-entrepreneurship-program |title=LEEP Overview |publisher=Department of Energy}}</ref> | ||
==Organization== | ==Organization== | ||
Innovation Crossroads is sponsored by EERE’s AMMTO, hosted at ORNL, and directed by a Program Manager, integrating mentorship from ORNL’s 7,000+ scientists and engineers and partnerships with the University of Tennessee and TVA. Funding from AMMTO and TVA supports fellowships, lab access, and business training.< | Innovation Crossroads is sponsored by EERE’s AMMTO, hosted at ORNL, and directed by a Program Manager, integrating mentorship from ORNL’s 7,000+ scientists and engineers and partnerships with the University of Tennessee and TVA. Funding from AMMTO and TVA supports fellowships, lab access, and business training.<ref>{{cite web |url=https://www.ornl.gov/news/ornl-welcomes-six-new-research-fellows-innovation-crossroads |title=Cohort 8 Announcement |publisher=Oak Ridge National Laboratory}}</ref> | ||
==Partners== | ==Partners== | ||
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==History== | ==History== | ||
Initiated in May 2017 with $2.5 million from DOE and TVA, Innovation Crossroads expanded LEEP from Cyclotron Road and Chain Reaction Innovations, welcoming its first cohort of five fellows after a 2016 announcement.< | Initiated in May 2017 with $2.5 million from DOE and TVA, Innovation Crossroads expanded LEEP from Cyclotron Road and Chain Reaction Innovations, welcoming its first cohort of five fellows after a 2016 announcement.<ref>{{cite web |url=https://www.energy.gov/eere/articles/innovation-crossroads-launches-develop-next-generation-clean-energy-entrepreneurs |title=CRI Launch |publisher=Department of Energy}}</ref> Milestones include Cohort 3’s 2019 expansion, Cohort 7’s 2023 impact ($450M+ funding), and Cohort 8’s June 2024 start, with Cohort 9 applications open as of February 2025, reinforcing its role in clean energy entrepreneurship. | ||
==Funding== | ==Funding== | ||
Initial funding of $2.5 million in 2017 launched CRI, with over $20 million in DOE support by 2025—e.g., $1.4 million annually for 5-7 fellows—yielding $450 million+ in follow-on funding.< | Initial funding of $2.5 million in 2017 launched CRI, with over $20 million in DOE support by 2025—e.g., $1.4 million annually for 5-7 fellows—yielding $450 million+ in follow-on funding.<ref>{{cite web |url=https://innovationcrossroads.ornl.gov/our-impact/ |title=CRI Impact |publisher=Oak Ridge National Laboratory}}</ref> Ongoing AMMTO and TVA funding provides fellowships ($90,000-$200,000/year per fellow), R&D grants (up to $200,000), and resources, with no end date as it supports DOE’s energy goals. | ||
==Implementation== | ==Implementation== | ||
CRI embeds 5-7 fellows annually at ORNL for two years, offering lab facilities, mentorship, and training, with progress showcased at events like the 2022 LEEP Summit.< | CRI embeds 5-7 fellows annually at ORNL for two years, offering lab facilities, mentorship, and training, with progress showcased at events like the 2022 LEEP Summit.<ref>{{cite web |url=https://www.energy.gov/eere/amo/lab-embedded-entrepreneurship-program |title=LEEP Overview |publisher=Department of Energy}}</ref> It advances through cohort cycles—e.g., Cohort 9 call opened fall 2024—focusing on innovations like carbon-negative nanotubes, adapting to market needs without a fixed end. | ||
==Related== | ==Related== | ||
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[[Category:Programs and initiatives]] | [[Category:Programs and initiatives]] | ||
[[Category:Programs]] | |||
[[Category:Department of Energy]] | [[Category:Department of Energy]] | ||
[[Category:Partnerships]] | [[Category:Partnerships]] |
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