The Obama administration is looking to help cleantech startups jumpstart the economy, and towards that end, recently announced the Startup America Initiative, an initiative to promote high-growth entrepreneurship. Now, the U.S. Department of Energy (DOE) and the U.S. Small Business Administration (SBA) have announced a related one-year pilot program designed to connect clean energy startups with mentors.
The Entrepreneurial Mentor Corps program will target clean energy small businesses that have previously received financial assistance from the DOE through the American Recovery and Reinvestment Act, pairing cleantech entrepreneurs with mentors in the industry who can provide guidance and support through early-stage challenges, increasing the startups’ odds of success.
A few of the businesses that will be taking advantage of this mentorship program include Algaeventure Systems, a company focused on removing key cost barriers from the growing and processing of algae for biofuels and other applications, and Gingko Bioworks, a biotech firm that seeks to engineer E. Coli bacteria to consume electricity and carbon dioxide to produce liquid transportation fuels.
Other businesses receiving mentorship assistance through the Entrepreneurial Mentor Corps include those focused on extracting energy from waste heat, on geothermal heating and cooling, and more. More information is available online.