WASHINGTON — The U.S. Department of Energy (DOE) has announced $2.5 million in available funding for the Cleantech University Prize (Cleantech UP), which aims to inspire the next generation of clean energy entrepreneurs. This funding opportunity will support the commercialization of promising technologies for sectors such as solar and wind that reduce carbon pollution and grow the clean energy economy.

The Cleantech UP will create a national infrastructure focused on collegiate high-tech entrepreneurship designed to accelerate the rate of clean energy innovation in the United States, establishing a national Cleantech UP Hub and supporting up to eight Cleantech UP Collegiate Competitions. The Cleantech UP Hub will create a national prize, train student entrepreneurs, and serve as a coordinating body for energy entrepreneurship training, while the Cleantech UP Collegiate Competitions will provide prizes for eight individual university-focused competitions that will equip students with business skills to move clean energy technologies from the discovery phase to the marketplace. Together, the Cleantech UP Hub and Cleantech UP Collegiate Competitions will form a strategic network that increases student entrepreneurs’ participation — both in quantity and quality — in clean energy, and addresses the gaps in early-stage commercialization training.