Stephanie Yanchinski is the Director of Entrepreneurship of the Resnick Sustainability Institute at the California institute of technology. We cover the details of the Rocket Fund grants, application process, funding criteria, timelines, partners that add
Rocket Fund: https://rocketfund.caltech.edu/
Application process and background information: https://drive.google.com/file/d/19ubtkD1ziVeXqDChnL00gP6wDFWTsQGb/view?usp=sharing
- A program that has a way to introduce startups to decision makers at utility companies, who can help discuss their needs and adopt new technologies.
- They grant $25,000- 75,000 to startups that provide much needed support for designing prototypes, buying equipment, and getting certifications, which other grants don't cover. Prefer startups with TRL 5-7 based on Department of Energy guidelines.
- Program partners like IN2 Wells Fargo and Shell Game Changer offer $250,000 of in kind support that gives you access to technology advice from The National Renewable Energy Laboratory (NREL), Access to their facilities; customer validation, etc.
- The other partnership is with the Electric Power Research Institute
- A new Technology Early Deployment (TED) program in collaboration with Southern California Edison (SCE)- Brings Rocket Fund companies access to program managers at SCE.
- Lessons learnt from successful and not so successful startups
- How scientists/engineers should move away from loving their technology and working towards market adoption (Inventions turning to innovations).
- Seed funding landscape for climate tech. Prime Movers lab, Department of Energy, Loan Programs Office
- Requirements to apply and focus areas for this granting period
- 20% of grants will be made to teams with diverse leadership