The Idaho National Laboratory is in search of an industry sponsor to invest $5-10 million in a privately funded innovation incubator for tech startups.
INL said Tuesday the program, which integrates the national laboratory’s capabilities with private-sector commercialization know-how, will grant promising access to the laboratory’s world-class facilities and technical expertise to reduce risks and support their innovations’ advancement.
What the Innovation Incubator Offers
Under the program, INL and the industry sponsor will invite entrepreneurs and startups developing innovations in nuclear energy, integrated energy systems, cybersecurity and advanced materials.
In exchange for the investment, the sponsor will be able to tap into various ongoing innovations at a fraction of normal acquisition costs, particularly in the sponsor’s areas of strategic interest, opening up new growth opportunities.
INL will help with technology de-risking through due diligence conducted via its national laboratory scientists and laboratory capabilities, which subsequently accelerates technology development.
A partnership with the laboratory will also give the sponsor additional credibility, helping to demonstrate its technical innovation leadership in the country.
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