EnergyTech University Prize: Student ventures invited to apply by January 31 for up to $250,000 in cash prizes

The U.S. Department of Energy’s (DOE’s) Office of Technology Transitions recently launched the EnergyTech University Prize (EnergyTech UP), a business plan competition challenging post-secondary students to identify an energy technology, assess its market potential, and propose a strategy for commercialization.

The OTT has named NYSERDA, in collaboration with SyracuseCoE and CenterStateCEO’s Clean Tech Center, as one of fifteen Regional Convener partners of the EnergyTech University Prize.

In this role, these organizations will host the competition’s Explore Event, virtually, on February 18th from 3:00 to 5:00pm for students in the surrounding geographic locations.

During the first phase of EnergyTech UP, students explore business and energy technology opportunities and present their findings at the regional Explore Event, virtually, on February 18th from 3:00 to 5:00pm. At the end of the event, judges will identify the top team selected to move on to the national competition in March.

In addition to winning cash prizes, students competing in EnergyTech UP will:

  • Receive tailored mentorship and Energy I-Corp materials
  • Develop business plans specifically for the energy industry
  • Work directly with the U.S. Department of Energy and national laboratories
  • Network with industry professionals at Carnegie Mellon University’s Energy Week.

This challenge is designed to be approachable, equitable, and scalable, allowing students with- or without a background in energy or business to successfully compete.

Here’s how to get involved:

  • Sign up on the HeroX competition platform to receive updates and check out the official competition rules.
  • Find at least one other teammate and start developing a business plan for an energy technology either developed by a national lab or that is otherwise promising. (Not sure where to start? Check out possible technologies here.)
  • Register your team and submit your concept on HeroX by Jan. 31, 2022.

This is an opportunity for multidisciplinary teams of students to learn, lead, and grow.

Learn more here.