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SunRISE TechBridge Challenge II winners announced by DSM, Fraunhofer TechBridge™ and Greentown LabsBOSTON, June 27, 2017 /PRNewswire-USNewswire/ -- Four early-stage companies are announced as the winners of the SunRISE TechBridge Challenge II, which was designed to identify innovative solutions to reduce the levelized cost of electricity for photovoltaic (PV) systems. SunRISE TechBridge Challenge II is a collaboration between Royal DSM, Fraunhofer TechBridge™, and Greentown Labs. The awards include Greentown Labs Start-up Acceleration program, technical validation services from the Fraunhofer R&D network, and eligibility for investment by DSM Venturing and/or partnership with DSM Advanced Solar. The SunRISE TechBridge Challenge II follows the success of the first SunRISE TechBridge Challenge in 2016 where five winners were selected and two awardees – QD Solar and WattGlass received DSM Venturing investments. 56 applications were received by the SunRISE TechBridge Challenge II. Based on a multi-stage review process we are very pleased to announce the following winners and awards:
All awardees will receive Greentown Launch and DSM Partnership/Investment Eligibility awards. In addition, one of the awardees will receive the Fraunhofer Validation Study. Award details are as follows: Greentown Labs Start-up Acceleration ("Greentown Launch") Fraunhofer Validation Study Award DSM Partnership/Investment Eligibility Award About Fraunhofer TechBridge™ and the Challenge Partners Launched at Fraunhofer CSE in 2010, the Fraunhofer TechBridge™ program identifies and de-risks promising technologies to solve industry challenges. By performing targeted technical searches and conducting validation and demonstration work, TechBridge evaluates and prepares innovative early-stage products for investors and industry. The Fraunhofer USA Center for Sustainable Energy Systems CSE is an applied research and development laboratory dedicated to building tomorrow's energy future today. Our staff's expertise in solar photovoltaics, smart energy-efficient buildings, and grid technologies provides a platform for deeply integrating distributed energy resources through collaborative R&D with private companies, government entities, and academic institutions. Fraunhofer CSE is one of seven centers of Fraunhofer USA, a 501(c)(3) non-profit contract R&D organization, a subsidiary of Fraunhofer Gesellschaft, Europe's largest contract R&D organization. More information can be found at: cse.fraunhofer.org. DSM – Bright Science. Brighter Living.™ Greentown Labs is a community of bold, passionate entrepreneurs creating game-changing energy technologies that transform the way we live, work and play. Located in Somerville, Mass., Greentown Labs is the largest cleantech incubator in the United States, operating a 40,000-square-foot facility that enables entrepreneurs to solve today's biggest energy and environmental problems. Greentown Labs hosts a constant stream of events and programs for the cleantech community and tours more than 10,000 visitors from around the world each year. Its mission is to enable a vibrant community of entrepreneurs to realize their visions by providing access to the resources, labs and funding they need to thrive. In October 2017, Greentown Labs will open its Global Center for Cleantech Innovation, providing an additional 58,000 sq. ft. of prototyping, office and event space for 50 additional startups. To learn more about the expansion and Greentown Labs, please visit www.greentownlabs.com. Fraunhofer CSE Media Contact
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sunrise-techbridge-challenge-ii-winners-announced-by-dsm-fraunhofer-techbridge-and-greentown-labs-300480657.html SOURCE Fraunhofer USA, Inc. |