Tuesday, March 4, 2008

U.S. Department of Energy Selects Venture Capital Firms to Accelerate Adoption of Advanced Energy Technologies


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clipped from www.energy.gov
“The Entrepreneur in Residence pilot program provides venture capital-sponsored entrepreneurs with access into three Energy Department’s world-class national labs to accelerate adoption of advanced renewable energy and energy efficient technologies to fundamentally transform how we power this nation,” Assistant Secretary Karsner said.  “In an effort to further the President’s comprehensive strategy to diversify our nation’s energy sources, and reduce emissions, the Department is leveraging private-sector expertise in new ways to capitalize on cutting-edge technologies that are ripe for commercialization.”
DOE has selected
Kleiner, Perkins, Caufield & Byers
ARCH Venture Partners
Foundation Capital
Using their vast business expertise, the selected firms will be permitted to give proven start-up entrepreneurs the opportunity to work directly with laboratory staff for a hands-on look at various, commercially viable technologies. 
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